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.
E
Economics
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An example of third-party financing of health care is
A) patients paying for their visit to the doctor. B) patients not going to the doctor in order to save money. C) a patient going to another doctor for a second or a third opinion. D) Medicare.
Economics
On this production possibilities curve, what product is being produced?
a. hours of study time
b. grades for two classes
c. labor for the professor
d. methods of studying
Economics