We define autonomous expenditure to be expenditure that:
A) depends on how much income changes in the economy.
B) that changes under the guidance of the government.
C) is unaffected by the current level of income in the economy.
D) people make that pertains to the auto industry.

Question

Quizplus · Accepted Answer

Autonomous expenditure is expenditure that is unaffected by the current level of income in the economy. This includes spending on items like government investment, exports, and planned investment by businesses. It is not tied to changes in income or guidance from the government, nor is it limited to any specific industry like the auto industry.

We Define Autonomous Expenditure to Be Expenditure That