Multiple Choice
Suppose an economy has total autonomous expenditure of 100 and a change in household behaviour increases the slope of the AE function from 0.75 to 0.80. The initial equilibrium income was _______ and
The new equilibrium income will be __________.
A) 100, 100.
B) 750, 800.
C) 250, 200.
D) 400, 500.
Correct Answer:
Verified
Correct Answer:
Verified
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