What is autonomous consumption what is induced consumption, Ask an Expert

Economics

What is autonomous consumption? What is induced consumption? Suppose that the current consumption function for the nation is C = 500 + 0.8DI. What will happen to autonomous consumption if disposable income, DI, increases by 100? What will happen to induced consumption if DI increases by 100?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91928305

Have any Question?Write your Review or question?

Related Questions in Business Economics

Autonomous consumptionnbsp 660marginal propensity to

Autonomous consumption = 660 Marginal propensity to consume = 0.8 Autonomous taxation = 200 Income tax rate = 0.2 Planned investment = 500 Government spending = 500 Autonomous net exports = 300 NX = 0.04 Calculat ...

The proposed american health care act will issue refundable

The proposed American Health Care Act will issue refundable tax credits (i.e. your paid health insurance premium can be refunded as tax credit) and eliminate the Obamacare subsidies (i.e. end the federal funding on Medic ...

In what kind of economy is a central planning board or

In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?

Liquidity ratios burts tvs has current liabilities of 258

Liquidity Ratios Burt's TVs has current liabilities of $25.8 million. Cash makes up 48 percent of the current assets and accounts receivable makes up another 28 percent of current assets. Burt's current ratio = .93 times ...

Event a occurs with probability 04 if events a and b are

Event A occurs with probability 0.4. If events A and B are not disjoint, then a P(B) b P(B) ≥ 0.6. c P(B) > 0.6. d P(B) Step 1:You are tossing a balanced die that has probability of coming up 1 on each toss. Tosses are i ...

The risk-free rate is 6 and the expected rate of return on

The risk-free rate is 6% and the expected rate of return on the market portfolio is 13% a. Calculate the required rate of return on a security with a beta of 1.15. (Do not round intermediate calculations. Enter your an ...

Health care issues are receiving much attention in both

Health care issues are receiving much attention in both academic and political arenas. A sociologist recently conducted a survey of citizens over 60 years of age whose net worth is too high to qualify for Medicaid and ha ...

A professional baseball pitcher takes 1566 seconds to throw

A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...

What is the role of local government leadership in assuring

What is the role of local government leadership in assuring that departments and divisions work together to achieve municipal goals and objectives?

Suppose that a firm that produced buttons had a production

Suppose that a firm that produced buttons had a production function given by: q= 4L 0.5 K 0.5 . The firm has 16 units of capital in the short run. Determine the amount of labor required to produce 64 units of output ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert