An increase in wealth is likely to shift the consumption function curve upward.
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Q183: The interest rate effect suggests that
A) domestic
Q184: Holding all else constant, a change in
Q185: What is the international trade effect?
A) It
Q186: Consider a simple aggregate expenditure model where
Q187: An increase in the slope of the
Q189: Disposable personal income is the total income
Q190: The consumption function shows the negative relationship
Q191: Autonomous aggregate expenditures are those that automatically
Q192: Suppose at each price level, autonomous aggregate
Q193: The aggregate demand curve can be derived
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