leyslebravo4928 leyslebravo4928
  • 25-03-2018
  • Business
contestada

What would happen to autonomous consumption if household debt fell and the interest rate rose over the same time period?

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maylyn1292
maylyn1292 maylyn1292
  • 03-04-2018

The autonomous consumption is lessened as the person tends to spend cash lured by higher interest amount. It is made by expenses of the household part that are not greatly affected by the level of salary or manufacture. This is one of two basic classifications of consumption. Another one is that it will bring consumption, expenses consumption that are created on the level of salary or manufacture. 

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