Read the two statements below and indicate if they are true or false.
I.Autonomous expenditures change when GDP changes.
II.Aggregate planned expenditure is the sum of planned consumption expenditure, investment, government expenditure, and net exports.
A) I and II are both true.
B) I and II are both false.
C) I is true and II is false
D) I is false and II is true.
Correct Answer:
Verified
Q125: If an increase in a household's disposable
Q131: Q133: Q145: The part of aggregate planned expenditure that Q146: The slope of the aggregate expenditure curve Q146: Induced expenditure includes _. Q147: Aggregate expenditure equals Q149: The U.S. consumption function Q153: A change in imports caused by rising Q159: The slope of the saving function is
A) induced consumption and
A) C + I +
A) has shifted upward
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