Most economists agree that the immediate determinant of the volume of output and employment is the

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27-06-2022
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Most economists agree that the immediate determinant of the volume of output and employment is the

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Tundexi Tundexi · Answer 1 · 2022-06-28T12:41:37+02:00

Majority of the economists agree that the immediate determinant of the volume of output and employment is the level of total spending.

What is the total spending?

This refers to the sum of the price that is paid for products or services multiplied by the amount of each item purchased.

Hence, the economists most especially agree that the immediate determinant of the volume of output and employment in an economy is the level of total spending.