Expenditures That Do Not Vary with the Level of Real

question 137

Multiple Choice

Expenditures that do not vary with the level of real GDP are called

• A) exogenous aggregate expenditures.
• B) induced aggregate expenditures.
• C) endogenous aggregate expenditures.
• D) autonomous aggregate expenditures.

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Definitions:

Probability

The statistical likelihood that a specific event will take place, calculated as a fraction or a percentage between 0% (never happening) and 100% (always happening).

Normal Model

A statistical model, also called the normal distribution, that describes how continuous data is distributed, shaped like a symmetric bell curve.

Standard Deviations

Measures that quantify the amount of variation or dispersion of a set of data values from the mean.

Probability

The determination of how probable an event is, denoted as a number from 0 to 1.