In the Keynesian cross diagram, an increase in autonomous consumer expenditure causes the aggregate demand function to shift ________ and the equilibrium level of aggregate output to ________,
everything else held constant.
A) up; rise
B) up; fall
C) down; rise
D) down; fall
A
Economics
You might also like to view...
The general set of rights to own private property and exchange goods, services, and financial assets with minimal government interference is defined as
A) capitalism. B) market socialism. C) economic freedom. D) economic privilege.
Economics
We should expect to see home construction activity decrease when interest rates increase
a. True b. False Indicate whether the statement is true or false
Economics