The graph of the aggregate expenditure curve has ________ on the y-axis and ________ on the x-axis.
A) aggregate actual expenditure; real GDP
B) aggregate planned expenditure; real GDP
C) real GDP; aggregate planned expenditure
D) household expenditures; real GDP
Correct Answer:
Verified
Q121: Induced consumption is equal to
A)saving when consumption
Q122: As real disposable income increases, consumption expenditure
Q123: If aggregate planned expenditure is less than
Q124: You are given the following information about
Q125: Which of the following equations is FALSE?
A)Consumption
Q127: If the marginal propensity to consume is
Q128: The slope of the consumption function is
A)less
Q130: A decrease in autonomous consumption will
A)change the
Q131: The multiplier is greater than 1 because
A)household
Q154: One reason the aggregate expenditure curve slopes
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