The portion of planned aggregate expenditure determined outside the model is called ______ planned aggregate expenditure.

Question

Quizplus · Accepted Answer

The portion of planned aggregate expenditure that is determined outside the model is called autonomous planned aggregate expenditure. Autonomous expenditures are not influenced by changes in income or output but are determined by factors such as government spending, exports, and investment spending decisions.

The Portion of Planned Aggregate Expenditure Determined Outside the Model