An increase in aggregate demand causes an increase in
A) income, which in turn induces an increase in consumption.
B) investment, which in turn induces an increase in consumption.
C) government, which in turn induces an increase in net exports.
D) consumption, which in turn induces an increase in price.
Correct Answer:
Verified
Q11: The saving function expresses the relationship between
A)
Q12: The consumption function shows
A) the amount of
Q13: The saving function shows
A) the amount of
Q14: Suppose when disposable personal income increases from
Q15: Disposable personal income is
A) the income households
Q17: Suppose when disposable personal income increases from
Q18: The consumption function expresses the
A) purposes of
Q19: The income households receive less the personal
Q20: The marginal propensity to consume is the
A)
Q21: Use the following to answer questions .
Exhibit:
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