If autonomous consumption was $300 billion, investment was $200 billion, government purchases were $400 billion, and net
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If autonomous consumption was $300 billion, investment was $200 billion, government purchases were $400 billion, and net exports were a negative $100 billion, what would autonomous consumption be? What would equilibrium income be?
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Autonomous expenditures are the autonomous components of consumpt...View the full answer
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Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
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