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Given the consumption function C = a + bY, where ‘a’, the intercept, represents_____

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Question:

Given the consumption function C = a + bY, where ‘a’, the intercept, represents_____

A.

Income

B.

autonomous consumption

C.

Demand

D.

Saving

Answer» b. autonomous consumption

Note: The above multiple-choice question is for all general and Competitive Exams in India.