QUESTION 12 O A the change in consumption that results as a person\'s (or nation

Question

QUESTION 12 O A the change in consumption that results as a person's (or nation's) income increases or decreas OB. that portion of total consumption that is dependent upon the level of income. OC. the steady increase in the consumption of goods and services that automatically occurs as a person grows from a ( D. that portion of total consumption that is independent of the level of ncome QUESTION 13 According to Say's law, O A the demand curve is negatively sloped B. the supply curve is positively sloped. C. supply creates its own demand D.economic units should produce those goods for which they are low-opportunity-cost QUESTION 14 A budget surplus A occurs when government expenditures exceed tax revenues B occurs when tax revenues exceed government expenditures C occurs when tax revenues equals tp govenment expenditures D occurs when monetary policy works in the opposite direction of fiscal policy E is an impossibility

Explanation / Answer

12) The answer is D -) That portion of total consumption that is independent of the level of income.

because, autonomous consumption is the consumption of the consumer that must be taken even when there is no disposable income. such consumption are basic necessities. so autonomous consumption is independent on the level of income .

14) The answer is B -) occurs when the tax revenues exceeds the government expenditures.

13) please upload it again. it against chegg policy. chegg policy to answer only 1 question

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