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Bailee Bryant
on Nov 30, 2024

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Which statement is true?

A) Autonomous C can never be zero.
B) Induced C can never be zero.
C) Neither autonomous C nor induced C can be zero.
D) None is true.

Autonomous C

Consumer spending that does not depend on current income, influenced by factors like confidence and wealth, key for understanding economic fluctuations.

Induced C

Refers to the consumption that varies with income levels; as income increases, so does the consumption level.

  • Acquiring knowledge about the concept of autonomous consumption and its relevance in the analysis of economics.
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Billy BloksNov 30, 2024
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