Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If there is an increase in autonomous expenditures, there will be successive rounds of additional income earned and additional spending out of this additional income.

If there is an increase in autonomous expenditures, there will be successive rounds of additional income earned and additional spending out of this additional income. Similarly, if there is a decrease in autonomous expenditures, there will be successive rounds of contracting _______ and lower expenditures that add up to a multiplied effect in terms of income in the economy

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Fundamentals for Canadian Business

Authors: Richard A. Yates

4th edition

133370283, 978-0133370287

More Books

Students also viewed these Economics questions