Examlex
Suppose marginal propensity to consume (MPC) is 0.7 and there is a $1,000 increase in autonomous consumption. Given this information, real GDP will increase by
Q27: Supposed actual investment is greater than planned
Q39: Suppose the U.S.dollar weakens against the euro
Q86: According to classical economists,<br>A)Say's law is not
Q95: If the MPS is one-third,a $100 increase
Q158: "In the classical model,the equilibrium level of
Q158: The advantage of automatic stabilizers is that
Q195: Demand-pull inflation is caused by<br>A)aggregate demand increasing
Q268: The short-run aggregate supply curve in modern
Q306: Refer to the above table.The table gives
Q422: Along a linear consumption function,<br>A)the average propensity