All Else Being Equal, Autonomous Expenditure

question 41

Multiple Choice

All else being equal, autonomous expenditure

• A) increases as real GDP increases.
• B) increases as real GDP decreases.
• C) does not change with changes in real GDP.
• D) is assumed to be zero.

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Definitions:

Response Systems

The various ways in which an organism reacts to stimuli, encompassing physiological, emotional, and behavioral responses.

Watson

John B. Watson, an American psychologist who founded the psychological school of behaviorism, emphasizing the importance of observable behaviors over internal processes.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, involving patterns of thought, feeling, and behavior.

Traits

are distinguishing qualities or characteristics of a person, often considered stable across time and situation.