Author Question: The relationship that tells us how much a person intends to spend at various levels of income is ... (Read 45 times)

s.tung · **on:** Jun 30, 2018

The relationship that tells us how much a person intends to spend at various levels of income is

A) the expenditure function. B) the consumption function.
C) the buying function. D) the spending function.

Question 2

A rightward shift of long-run aggregate supply without any change in aggregate demand

A) results in a lower price level.
B) increases the price level along with an increase in real GDP.
C) will leave real GDP unchanged.
D) increases the price level without any change in real GDP.