Multiple Choice
In the Keynesian cross diagram,a decline in autonomous consumer expenditure causes the aggregate demand function to shift down,the equilibrium level of aggregate output to ________,and the IS curve to shift to the ________,everything else held constant.
A) rise;left
B) rise;right
C) fall;left
D) fall;right
Correct Answer:
Verified
Correct Answer:
Verified
Q46: In the Keynesian cross diagram,an increase in
Q47: If actual output is less than equilibrium
Q48: Aggregate output is increased by a decrease
Q49: In a closed economy,aggregate demand is the
Q50: If actual output is greater than equilibrium
Q52: Points on the IS curve satisfy _
Q53: Keynes believed that changes in autonomous spending
Q54: A decline in autonomous planned investment spending
Q55: Aggregate output is _ related to autonomous
Q56: Assume that autonomous consumption equals $200 and