Class 12 Macroeconomics Ch 4|Consumption Function-Determination of Income And Employment 2022-23

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Ma' am i understood very well but still i have a little doubt please tell ,why is it so Y= AS and why we compare both things . If anyone known please let me tell .

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What is induced consumption

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thank you for your question! Induced consumption is when people spend money based on changes in their income. So, if someone's income goes up, they might spend more on things like dining out, travel, and entertainment.

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What is the difference between autonomous consumption and induced consumption

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Thanks for your question! Autonomous consumption is the consumption of goods and services that are determined by the consumer's preferences and income, regardless of the level of income or prices. Induced consumption is the consumption of goods and services that is determined by changes in income or prices. Hope this helps!

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U haven't explain the full consumption function.....where is keyn's law...of consumption... don't teach if you don't know ...half knowledge is dangerous ....c=cbar+by Where is thiss... ❌❌❌❌C is for consumption and cbar is for autonomous consumption and b = MPC AND Y= income..

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