An Increase in the Growth Rate of Real Output Will

question 47

True/False

An increase in the growth rate of real output will cause the aggregate demand curve to shift to the right.

---

Definitions:

Saving

The process of setting aside a portion of current income for future use, typically to hedge against unexpected expenses, achieve financial goals, or secure a retirement.

APS

Stands for "Automatic Processing System," but in different contexts, it could refer to various specific systems or technologies.

Total Saving

The portion of total income that is not consumed or spent, instead being reserved for future use or investment.

Induced Consumption

Consumer spending that increases when income increases, and decreases when income decreases, not including autonomous consumption that doesn’t change with income.