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Narrbegin Exhibit 14

question 69

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Narrbegin Exhibit 14.3 Aggregate supply and demand curves Narrbegin Exhibit 14.3 Aggregate supply and demand curves   -In Exhibit 14.3 which of the following is not consistent with a shift in the aggregate demand curve from AD<sub>1</sub> to AD<sub>2</sub>? A)  A decrease in consumer spending. B)  An increase in investment. C)  An increase in government spending. D)  An increase in net exports.
-In Exhibit 14.3 which of the following is not consistent with a shift in the aggregate demand curve from AD1 to AD2?


Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, such as labor.

Productivity

Productivity measures the efficiency of production in terms of the amount of goods and services produced from a given amount of inputs, such as labor and capital, within a specific period.

Derived Demand

Derived demand refers to the demand for a good or service that originates from the demand for another good or service.

Final Demand

The demand for finished goods and services by consumers, businesses, and government, excluding intermediate goods.

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