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An increase in the MPC will cause the consumption function to become steeper (rotate upwards).
Q10: In Exhibit 11-3,at income level Y<sub>2</sub><br>A) potential
Q24: Consider Exhibit 11-3.In this situation,long-run equilibrium would
Q30: Cyclical unemployment results from<br>A) a mismatch of
Q76: An increase in wealth will<br>A) shift the
Q77: An increase in the demand for loanable
Q88: The slope of the consumption function shows
Q102: Purchases of existing commodities,such as gold and
Q109: In the short run,if the economy is
Q119: The two basic markets in the simple
Q165: Suppose the price levels in four successive