Spending that is considered necessary regardless of income level, such as government spending, basic living expenses and investing. In macroeconomic economic theory autonomous expenditures are said to not be impacted by changes in real wages.
Related information about autonomous expenditure:
- Autonomous Expenditure Definition | Investopedia
A macroeconomic term used to describe the components of an economy's aggregate expenditure that are not impacted by that same economy's real level of ...
- What is autonomous expenditure? definition and meaning
Definition of autonomous expenditure: Spending that is considered necessary regardless of income level, such as government spending, basic living expenses ...
- Definition of autonomous expenditure, definition at Economic Glossary
Need to define autonomous expenditure? Economic term autonomous expenditure definition. To find out what is autonomous expenditure, see this explanation.
- 13EXPENDITURE MULTIPLIERS: THE KEYNESIAN MODEL*
Autonomous expenditure is the sum of the com- ... A change in autonomous expenditure creates an addi- ... increase in autonomous expenditure, such as in- ...
- What is difference between Autonomous Expenditure and Induced ...
Answer: AUTONOMOUS AND INDUCED EXPENDITURE : Autonomous expenditure is independent of changes in real GDP, whereas induced expenditure ...
- Economics: The Keynesian Theory
where A denotes total autonomous expenditure, or the sum C + I + G + NX. Different levels of autonomous expenditure, A, and real national income, Y, ...
- Aggregate Expenditure and the Spending Multiplier
Feb 6, 2003 ... We will summarize this via a single variable 'Ao' known as autonomous expenditure: Ao = Co + Io + Go + NXo. Thus, the expenditure equation ...
- Y = C + I + G + (X-M) = GDP
C is now endogenous, determined within the model; C is now a function of . The elements of autonomous expenditure in our rewritten basic model are , , and .