Autonomous expenditure is the component of

A) induced expenditure that changes when in real GDP changes.
B) aggregate planned expenditure that changes only when government expenditure on goods and services change.
C) aggregate expenditure that does not change when real GDP changes.
D) aggregate expenditure that does not change when the interest rate changes.
E) aggregate expenditure that changes when real GDP changes.

C

Economics

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Describe the Malthusian Cycle

What will be an ideal response?

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The profit-maximizing level of output for a firm occurs at the point at which

A) P = ATC. B) P = AVC. C) MR = MC. D) MR = ATC.

Economics