Examlex
Leading up to her exams, Devon spaces out her studying over time, uses a study schedule, and creates practice questions. However, every time she walks into a classroom to take an exam or a quiz, her negative thoughts begin to take over. She feels physically ill, and she does poorly on the tests. One of her instructors suggests that she try a brief writing exercise before taking her exams and quizzes. What should Devon write about to combat her test anxiety?
Autonomous Spending
Spending that does not depend on the current level of national income or output, such as investments, government spending, and exports.
Aggregate Expenditure Line
A graphical representation showing the total planned spending on goods and services at different levels of national income.
Spending Multiplier
A factor by which a change in spending translates into a greater change in income and output throughout the economy.
Price Level
The calculated average price across the broad spectrum of goods and services in an economy.
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