Total Autonomous Spending

question 39

Multiple Choice

Total autonomous spending

• A)is dependent on the level of output
• B)is only determined by the equation for the consumption function
• C)is not part of aggregate demand
• D)is independent of the level of income
• E)increases when disposable income increases

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Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, often used to measure the accuracy of a sample mean.

Standard Deviation

A measure of the dispersion or variability of a dataset, representing the average distance between each data point and the mean.

Sample Mean

The average of all the data points in a sample taken from a population.

Probability Sampling

A sampling method in which every member of the population has a known, non-zero chance of being selected, ensuring representativeness and allowing for the calculation of sampling error.