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Assist in answering the question below. Which one of the following statements is INCORRECT? (A)The level of autonomous consumption is determined by the non-income determinants
Assist in answering the question below.
Which one of the following statements is INCORRECT?
(A)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.
(C)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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