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Question
Autonomous investment is the type of investment.
Options
which is not affected by a change in the level of income.
the curve for autonomous investment is a horizontal line parallel to X-axis.
it may change over time due to change in non-income factors.
all of these
MCQ
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Solution
all of these
Explanation:
- Autonomous investment does not depend on income levels and remains constant regardless of changes in income.
- However, it can change over time due to non-income factors like technology or government policy, and its curve is horizontal to the X-axis.
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