Autonomous Spending Depends on the Level of Income,whereas Induced Spending

question 172

True/False

Autonomous spending depends on the level of income,whereas induced spending does not.

---

Definitions:

Rental Cost

The amount of money that must be paid regularly to lease a property or equipment.

Economic Profit

The distinction between aggregate income and comprehensive charges, covering both manifest and inferred expenses.

Opportunity Cost

The value of the best alternative foregone when making a decision.

Equity Capital

Funds raised by a company through the sale of stock in the company, representing ownership interests in the corporation.