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25. Which one of the following statements is INCORRECT? The level of autonomous consumption is determined by the non-income determinants of consumption spending. B The
25. Which one of the following statements is INCORRECT? The level of autonomous consumption is determined by the non-income determinants of consumption spending. B The impact of a change in one or more of the non-income determinants of consumption can be illustrated by a shift of the consumption function. The level of autonomous consumption determines the position of the consumption function. D Investment spending is the most stable component of aggregate spending in the economy
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