Solved

If the Aggregate Supply Curve Is Upward Sloping, Then an Increase

Question 76

Multiple Choice

If the aggregate supply curve is upward sloping, then an increase in autonomous consumption leads to a(n)


A) increase in aggregate demand and a rise in the price level.
B) decrease in aggregate demand and a rise in the price level.
C) decrease in aggregate demand and a fall in the price level.
D) no change in aggregate demand and no change in the price level.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q71: A lump-sum tax, such as a $1000

Q72: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q73: Suppose that when disposable income increases by

Q74: Suppose there is a $20 million increase

Q75: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q77: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q78: If saving equals $100 when real disposable

Q79: When real planned saving is greater than

Q80: According to the above figure, the average

Q81: If autonomous investment increases by $100 million