Why autonomous consumption equal 0 in long run consumption function explain it easily
Answers
Answered by
0
Answer:
Autonomous consumption is defined as expenditures taking place when disposable income levels are at zero. This consumption is typically used to fund consumer necessities, but it causes consumers to borrow money or withdraw from savings accounts.
Similar questions
Social Sciences,
6 months ago
Physics,
6 months ago
Biology,
6 months ago
Biology,
1 year ago
Social Sciences,
1 year ago