Induced expenditures are defined as that part of
A) autonomous expenditure that responds to changes in real GDP.
B) real GDP that does not respond to changes in aggregate expenditure.
C) aggregate expenditure that responds to changes in real GDP.
D) aggregate expenditure that does not respond to changes in real GDP.
E) autonomous expenditure that does not respond to changes in real GDP.
C
You might also like to view...
The supply of labor curve
A) has a negative slope. B) is independent of the wage rate. C) shows how much labor workers are willing to supply at various real wage rates. D) is usually vertical.
A country that joins an exchange rate area
A) gives up its ability to use the exchange rate for the purpose of stabilizing output and employment. B) does not give up its ability to use the exchange rate and monetary policy for the purpose of stabilizing output and employment. C) gives up its ability to use the exchange rate and monetary policy for the purpose of stabilizing output and employment. D) gives up its ability to use only monetary policy for the purpose of stabilizing output and employment. E) does not gives up its ability to use only monetary policy for the purpose of stabilizing output and employment.