Multiple Choice
________ consumption is consumption that depends upon the level of GDP, and ________ consumption is consumption that does not depend upon the level of GDP.
A) Autonomous; induced
B) Induced; autonomous
C) Voluntary; autonomous
D) Autonomous; voluntary
E) Planned; unplanned
Correct Answer:

Verified
Correct Answer:
Verified
Q70: What is the difference between aggregate expenditure
Q75: If the marginal propensity to save is
Q75: _ spending follows a smooth trend whereas,
Q76: As a result of the drop in
Q77: _ is defined as national income +
Q78: Figure 8.8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 8.8
Q81: An unplanned decrease in inventories results in<br>A)a
Q84: Table 8.13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Table 8.13
Q85: Figure 8.5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 8.5
Q114: Macroeconomic equilibrium can occur at any point