Autonomous consumption

A. is measured by the slope of the consumption function.
B. is measured by the intercept of the consumption function and the Y-axis.
C. is equal to the minimum savings.
D. is the reciprocal of consumption.


Answer: B

Economics

You might also like to view...

Inflation was the nation's number-one economic worry during

A. the 1920s. B. the late 1950s. C. the early 1960s. D. the 1970s.

Economics

Refer to Table 2-16. What is Finland's opportunity cost of producing one board foot of lumber?

A) 0.25 cell phones B) 4 cell phones C) 12 cell phones D) 16 cell phones

Economics

The median voter model assumes that voters have single-peaked preferences

a. True b. False

Economics

There is much world concern over the deteriorating condition of the pyramids and other historical structures in Egypt. While people of all nations enjoy visiting these structures, there has been little financial support for preservation coming from within Egypt or from elsewhere. Economists would describe this as an example of

A. an externality. B. a public good. C. a free-rider problem. D. imperfect information.

Economics