According to the graph shown, total surplus is area:





A. A + B + C.

B. B.

C. A.

D. A + B.

D. A + B.

Economics

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According to the aggregate expenditure model, when autonomous expenditure increases, equilibrium expenditure

A) increases by an equal amount. B) does not change because autonomous expenditures has no effect on equilibrium expenditure. C) does not change because only induced expenditures increase equilibrium expenditure. D) increases by a smaller amount. E) increases by a larger amount.

Economics

A increase in net exports

a. shifts the aggregate demand schedule upward b. shifts the aggregate demand schedule downward. c. does not shift the aggregate demand schedule. d. decreases saving.

Economics