Ask questions, share knowledge, and connect with a vibrant community on IDNLearn.com. Our experts provide prompt and accurate answers to help you make informed decisions on any topic.

Which one among the following is the correct answer for an increase in autonomous spending leading to an even greater increase in equilibrium level of output
O as firms increase output to meet demand, income increases, and this induces more consumption spending
O the multiplier increases with an increase in autonomous spending
O prices rise with increased output and this raises nominal GDP
O people save less as their income increases