Autonomous consumption contrasts with induced consumption, in that it does not systematically fluctuate with income, whereas induced consumption does.
2.
Autonomous consumption contrasts with induced consumption, in that it does not systematically fluctuate with income, whereas induced consumption does.
3.
The term b \ times Y _ { d } is the induced consumption that is influenced by the economy's income level.
4.
There are two components of consumption in the basic model : induced consumption ( which is affected by the level of income ) and autonomous consumption ( which is not ).
5.
induced consumption is represented by the term b \ times Y _ { d }, where Y _ { d } denotes disposable income and b is called the marginal propensity to consume.
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