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Suppose that the slope of the AE curve is 0.75. Then a $100 increase in autonomous spending means equilibrium expenditure will
Experimental Group
In research, the group of participants that receives the treatment or intervention under investigation to determine its effect.
Control Group
In experimental research, a group of subjects that does not receive the experimental treatment and is used as a benchmark to measure how the other tested subjects do.
Parsimonious
Describing an approach or theory that is simple in its assumptions and explanations while still adequately explaining or predicting phenomena.
Mathematics
The abstract science of number, quantity, and space, either as abstract concepts (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).
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