Question

Autonomous consumption is defined as: Group of answer choices the level of consumption that depends only on the exchange rate. the consumption expenditures incurred by the government. the level of consumption that does not depend on income. an equilibrium condition that needs to be met for the aggregate expenditure model to work. the part of consumption that is related to investment.

Answer 1

Answer:

the level of consumption that does not depend on income.

Explanation:

Autonomous consumption means that the expenditures that should be incurred at the time also when the consumer has no income. Like food, shelter, heathcare, etc are needed for survival even in the case when the person has no money

So according to the given situation, it is consumption level which does not based upon the income

Hence, the third option is correct