What is autonomous spending?
A)The portion of total spending that is dependent of the level of income.
B)The portion of total spending that is independent of the level of income.
C)The level of spending which never varies.
D)The portion of income that is dependent on the level of spending.

Question

Quizplus · Accepted Answer

Autonomous spending refers to the part of total spending that is independent of the level of income, meaning it does not change regardless of changes in income or other economic factors. Examples of autonomous spending include government spending, investment spending, and spending on essential goods and services.

What Is Autonomous Spending