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Author Question: If autonomous expenditures increased by 10 billion, what is the change in aggregate demand at a ... (Read 38 times)

waynest

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  • Posts: 553
on: Jun 30, 2018
If autonomous expenditures increased by 10 billion, what is the change in aggregate demand at a given price level if the MPC to consume is 0.8?
 a. increase by 50 billion
 b. increase by 100 billion
  c. decrease by 100 billion
  d. decrease by 10 billion

Question 2

A scalper reselling Super Bowl tickets is an example of money being used as:
 a. a store of value.
  b. a unit of account.
  c. an illegal asset.
  d. a standard of deferred payment.
  e. a medium of exchange.


yasmina

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


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