Multiple Choice
An increase in the price level will
A) shift the aggregate expenditure line upward
B) shift the aggregate expenditure line downward
C) cause a movement up along the aggregate expenditure line
D) cause a movement down along the aggregate expenditure line
E) have no effect on the aggregate expenditure line or the equilibrium level of real GDP
Correct Answer:
Verified
Correct Answer:
Verified
Q79: Suppose that the multiplier is 4,autonomous investment
Q80: If autonomous investment increases by $100
Q80: Aggregate expenditure means total or combined spending.
Q81: If the marginal propensity to consume equals
Q82: Exhibit 9-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 9-9
Q83: Exhibit 9-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 9-11
Q85: Movement along the aggregate expenditure curve is
Q86: If the full employment level of income
Q87: The equilibrium quantity of aggregate output occurs
Q88: The larger the MPC,the greater the multiplier