Economics
posted by Lynne
14.
The lifecycle hypothesis and Permanent Income Hypothesis theories of consumption:
A)
are attempts to discredit the Keynesian consumption theory.
B)
believe that consumers do not have any autonomous consumption.
C)
assert that consumption is a necessity of life and does not depend on income.
D)
all of the above.
E) none of the above.
Letter C is my answer I just want to double check if its correct. Thank you.
Respond to this Question
Similar Questions

Economics
I have a question about the marginal utility theory If someone is at consumer equilibrium consuming normal goods, will an increase to income increase total utility consumption of goods? 
Economics
Problem #2: A Consumption Function: C = Co + MPC(Yd). Suppose that autonomous consumption is inversely related to the interest rate. It follows that as… a. interest rate falls, consumption falls b. interest rate rises, saving falls … 
Economics
consumption function, C=5+0.75*(YT). Y is,national income and T is government taxes. a What is the marginal propensity to consume? 
statistics 2
A Keynesian Consumption Function: In his famous 1936 book, A General Theory of Employment, Interest and Money, the noted British economist John Maynard Keynes proposed a theoretical relationship between income and personal consumption … 
Econ
Consider the following consumption function. C = 200 + .75(DPI), Where C is consumption, autonomous spending is 200, the MPC is .75, and DPI is disposable personal income. Using the Graph below, graph the Consumption Function. C 100 … 
CALCULUS ECONOMICS
Consider a market in which consumption of the good being traded generates a positive externality. There are 100 identical consumers, each with a utility function given by (1/2)*(q^(1/2))+m +(G^(1/2)) where G denotes the total level … 
CALCULUS ECONOMICS
Consider a market in which consumption of the good being traded generates a positive externality. There are 100 identical consumers, each with a utility function given by (1/2)*(q^(1/2))+m +(G^(1/2)) where G denotes the total level … 
economics
Consider a market in which consumption of the good being traded generates a positive externality. There are 100 identical consumers, each with a utility function given by 1/2 √q+m+√G, where G denotes the total level of … 
MCC
3. (Consumption and Saving) Supposed that consumption equals $500 billion when disposable income is $0 and that each increase of $100 billion in disposable income causes consumption to increase by $70 billion. Draw the graph of the … 
Economics
15. Helen’s consumption function may be stated as $1,000 + 0.75 × YD . Her autonomous consumption is: A) 0.75. B) 0.25. C) $750 D) $1000. My answer is letter D, i just want someone to check if it's correct.