Examlex
If autonomous expenditures increased by $10 billion, what is the change in aggregate demand at a given price level if the MPC to consume is 0.8?
Consume More
The action or tendency of increasing the use or consumption of goods and services.
Goods
Tangible products that satisfy human wants or needs.
Production Possibilities Frontier
A curve that represents the maximum productive capacity of an economy when all resources are fully utilized.
Consumption Possibilities
The range of goods and services that a consumer can afford to purchase at a given level of income and prices.
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