Which Element of Total Planned Expenditure Is Not Included in "Autonomous

question 134

Multiple Choice

Which element of total planned expenditure is not included in "autonomous planned spending?"

• A) cY
• B) -cT
• C) NX
• D) Ip
• E) a

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Definitions:

Marginal Utility

The additional satisfaction or benefit that a consumer derives from consuming an additional unit of a good or service.

Equilibrium

A state where supply and demand balance, and as a result, prices become stable.

Unit Price

The cost assigned to a single unit of a product or service, facilitating price comparisons among similar products based on per unit costs.

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.