Distinguish between: 2) Autonomous Investment and Induced Investment

Distinguish between:
2) Autonomous Investment and Induced Investment

Autonomous Investment
Induced Investment
It represents that part of investment, which is independent of the income level and interest rate.
It is a dependent function of the income and interest rate.
It is income inelastic.
It is not income inelastic.
It remains constant throughout all levels of incomes and interest rates.
It is a positive function of income but is a negative function of the rate of interest.

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