The Portion of Planned Aggregate Expenditure That Is Independent of Output

question 53

Multiple Choice

The portion of planned aggregate expenditure that is independent of output is called ________ expenditure.

• A)potential
• B)planned
• C)actual
• D)autonomous

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Definitions:

Hyperinflation

A very high rate of inflation.

Deflation

A decrease in the general price level of goods and services in an economy over a period, often leading to increased purchasing power of the currency.

Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Disinflation

A reduction in the rate of inflation