Autonomous Expenditure Is the Portion of Planned Aggregate Expenditure That

question 84

Multiple Choice

Autonomous expenditure is the portion of planned aggregate expenditure that:

• A)equals aggregate output.
• B)equals planned spending.
• C)equals induced expenditure.
• D)is independent of output.

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Definitions:

Accounts Receivable

Amounts owed to a company by customers for goods or services delivered or used but not yet paid for.

Current Liability

Financial obligations that a company is required to pay within one year or within its operating cycle, whichever is longer.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer than a year.