Income and substitution effects what portions, if any, of aggregate supply and/or aggregate demand?
A)Aggregate demand and aggregate supply
B)Aggregate demand only
C)Aggregate supply only
D)Neither

Name: Income and substitution effects what portions, if any, of aggregate supply and/or aggregate demand? A)Aggregate demand and aggregate supply B)Aggregate demand only C)Aggregate supply only D)Neither
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

Aggregate demand and aggregate supply are both affected by income and substitution effects.

Income and Substitution Effects What Portions, If Any, of Aggregate