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13 Dec 2019
31.
value:
10.00 points
Suppose that the level of GDP increased by $100 billion in a private closed economy where the marginal propensity to consume is 0.5. Aggregate expenditures must have increased by:
$100 billion. $50 billion. $500 billion. $5 billion.
32.
value:
10.00 points
If net exports decline from zero to some negative amount, the aggregate expenditures schedule would:
shift upward. shift downward. not move (net exports do not affect aggregate expenditures). become steeper.
31.
value:
10.00 points
Suppose that the level of GDP increased by $100 billion in a private closed economy where the marginal propensity to consume is 0.5. Aggregate expenditures must have increased by:
$100 billion. | |||||||||
$50 billion. | |||||||||
$500 billion. | |||||||||
$5 billion. 32. value: If net exports decline from zero to some negative amount, the aggregate expenditures schedule would:
|
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