Multiple Choice
An increase in the price level will:
A) shift the aggregate expenditure line downwards and decrease aggregate output demanded.
B) shift the aggregate expenditure line upwards and increase aggregate output demanded.
C) shift the aggregate expenditure line upwards and decrease aggregate output demanded.
D) shift the aggregate expenditure line downwards. and increase aggregate output demanded.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: An increase in the marginal propensity to
Q3: If the marginal propensity to consume is
Q4: The balanced- budget multiplier equals 1.
Q5: If a economy's planned expenditures turn out
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5231/.jpg" alt=" Figure 11.3 -Refer
Q7: During recessions, government spending usually:<br>A) decrease because
Q8: Briefly explain what a steeper consumption function
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5231/.jpg" alt=" -Refer to Table
Q10: When the consumption function is expressed as
Q11: Which of the following statements is true?<br>A)