The Part of Aggregate Planned Expenditure That Does Not Vary

question 208

Multiple Choice

The part of aggregate planned expenditure that does not vary with real GDP

• A) equals equilibrium expenditure.
• B) is autonomous expenditure.
• C) is induced expenditure.
• D) equals zero.

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Definitions:

Redemptioners

Indentured families or persons who received passage to the New World in exchange for a promise to work off their debt in America.

Indentured German Families

German immigrants who came to America and worked for a fixed number of years in exchange for their passage, often in the 17th and 18th centuries.

Transportation Debt

The accumulated obligations incurred from funding the development, maintenance, and expansion of transportation infrastructure.