Aggregate expenditures are equal to consumption plus business investment in the simple private sector model.
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Q12: Assume that the MPC is 0.75, full
Q13: Tax changes generally have less of an
Q14: If the marginal propensity to consume increases,
Q15: The average propensity to consume is
A) always
Q16: In the nation of Economia, the economy
Q18: If aggregate expenditures equal $6,200 and aggregate
Q19: The spending reduction necessary to bring an
Q20: In an economy with three sectors (household,
Q21: Spending by the government (federal, state, and
Q22: Keynes emphasized income as the main determinant
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