Autonomous consumption is defined as: Group of answer choices the level of consumption that depends only on the exchange rate. the consumption expenditures incurred by the government. the level of consumption that does not depend on income. an equilibrium condition that needs to be met for the aggregate expenditure model to work. the part of consumption that is related to investment.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.