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Exhibit 10-7 -Refer to Exhibit 10-7. If Autonomous Consumption Increases,which of the Consumption
Multiple Choice
Exhibit 10-7
-Refer to Exhibit 10-7. If autonomous consumption increases,which of the following is possible?
A) The AD curve will shift rightward from AD1 to AD2, the price level will remain constant, and Real GDP will rise.
B) The AD curve will shift leftward from AD4 to AD3, the price level will fall, and Real GDP will remain constant.
C) The AD curve will shift rightward from AD3 to AD4, the price level will remain constant, and Real GDP will rise.
D) The AD curve will shift rightward from AD1 to AD2, the price level will rise, and Real GDP will remain constant.
Correct Answer:
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