An Increase in Autonomous Consumer Expenditure Causes the Aggregate Demand

question 130

Multiple Choice

An increase in autonomous consumer expenditure causes the aggregate demand function to shift ________ and the equilibrium level of aggregate output to ________, everything else held constant.

• A) up; rise
• B) up; fall
• C) down; rise
• D) down; fall

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Definitions:

Gamification

The application of game-design elements and principles in non-game contexts to enhance engagement, motivation, and participation.

Discriminate

To make a distinction in favor of or against a person or thing based on the group, class, or category rather than according to actual merit; can also refer to the ability to perceive and distinguish differences.

Communication Process

The series of steps through which information is transmitted and received between senders and receivers.

Technology

The application of scientific knowledge for practical purposes, especially in industry and everyday life.