What is “autonomous consumption”? Describe two shocks that would increase a nation’s autonomous consumption. According to...

What is “autonomous consumption”?

Describe two shocks that would increase a nation’s autonomous consumption.

According to the classical model, how would national saving (S) and investment (I) be affected (up, down, or no change) by those

shocks? How would the aggregate demand for goods (Yd) be affected (up, down, or no change)? Explain.

please use an equation with arrows or a diagram along with words, not just words

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Rahul Sunny answered 2 months ago

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What is “autonomous consumption”? Describe two shocks that would increase a nation’s autonomous consumption. According to...

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