Multiple Choice
Suppose the full employment level of income is $1,200 billion, and the present level of income is $1,000 billion.Which of the following describes autonomous expenditure under these circumstances?
A) Autonomous expenditure is at full employment equilibrium.
B) Autonomous expenditure is too low for a full employment equilibrium.
C) Autonomous expenditure is too high for a full employment equilibrium.
D) Autonomous expenditure is the difference between the present level of income and the full employment level of income.
Correct Answer:

Verified
Correct Answer:
Verified
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