As Used in This Text,"autonomous" Variables Are

question 38

Multiple Choice

As used in this text,"autonomous" variables are

• A)spontaneous variables that are completely unpredictable.
• B)completely independent of income,although they can be explained by movements in other variables.
• C)determined only by income levels.
• D)the same as endogenous variables.

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Definitions:

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Feedback

Information provided as a response to an action or behavior, intended to guide future actions.

Tensions

The state of being stretched tight, often referring to mental or emotional strain resulting from challenging situations.

Obliging

Willingness to do a service or kindness; readily performing favors or good deeds.