In the consumption function C = a + bYc = a + bYc = a + bY, the term 'a' represents:
CA Foundation · Business Economics · MTP · September 2025
In the consumption function C = a + bYc = a + bYc = a + bY, the term 'a' represents:
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. Autonomous Consumption
Topics: Determination of National Income
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