Aggregate expenditure model

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Which of the following statements is TRUE regarding the Aggregate Expenditure model? 1The expenditure which changes as income and real GDP changes is referred to as induced expenditure 2 The expenditure which is dependent on income and real GDP is referred to as autonomous expenditure 3 The expenditure which does not change as income and real GDP changes is referred to as induced expenditure 4 The expenditure which is independent of income and real GDP is referred to as induced expenditure

Reference no: EM133125817

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