In the simple aggregate expenditure model, the slope of the aggregate expenditure line depends on:
a. interest rates
b. real gross domestic product.
c. the price level.
d. the marginal propensity to consume.
e. the marginal propensity to save.
d
Economics
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The slope of the LM curve will be flatter the __________ is the income-sensitivity of the demand for money and the __________ is the interest-sensitivity of the demand for money
A) less; less B) less; greater C) greater; less D) greater; greater
Economics
Probability is sometimes defined as
a. the expected profit of a fair bet. b. the most likely outcome of a given experiment. c. the outcome that will occur on average for a given experiment. d. the relative frequency with which an event will occur.
Economics