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

May 3, 2021 – by admin

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.