Multiple Choice
When the consumption function becomes steeper,
A) less of every dollar is consumed.
B) the saving function also become steeper.
C) the MPC rises.
D) the MPC falls.
Correct Answer:
Verified
Correct Answer:
Verified
Q47: The larger the slope of the AE
Q48: Which of the following is TRUE?<br>A) MPS
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -If aggregate planned
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q51: In the aggregate expenditure model, when real
Q53: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -According to the
Q54: Suppose disposable income increases from $5 trillion
Q55: When autonomous expenditure increases, equilibrium aggregate expenditure<br>A)
Q56: The components of aggregate expenditure include<br>I. imports.<br>II.
Q57: If the price level increases, the AE