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In the linear consumption function C = a + bY, coefficient ‘a’ denotes

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Question:

In the linear consumption function C = a + bY, coefficient ‘a’ denotes

A.

MPC

B.

APC

C.

Autonomous consumption

D.

Induced consumption

Answer» c. Autonomous consumption

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