Government Purchases Are Assumed to Be Autonomous Because They Are

question 4

Multiple Choice

Government purchases are assumed to be autonomous because they are

• A)independent of the price level
• B)independent of the level of real GDP
• C)independent of consumption
• D)independent of investment
• E)determined by the government independent of the desires of the households in the economy

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Definitions:

Organizational Design

The process of structuring mechanisms, roles, and systems within an organization to achieve its goals and strategy efficiently and effectively.

Structural Configuration

The arrangement of components within an organization that determines its procedures, roles, and communication patterns.

Implementing

Refers to the process of putting plans or decisions into action in a systematic way.

Intensive Technology

A type of technology that requires a high degree of skill, knowledge, or input to produce outputs.