Author Question: According to the above table, the value of MPS is A) 0.9. B) 0.1. C) 0.2. D) increasing as real ... (Read 18 times)

jasdeep_brar · **on:** Jun 30, 2018

According to the above table, the value of MPS is

A) 0.9. B) 0.1.
C) 0.2. D) increasing as real disposable income rises.

Question 2

If a shift in aggregate demand only affects real Gross Domestic Product (GDP), then the short-run aggregate supply (SRAS) curve must be

A) upward sloping. B) downward sloping.
C) horizontal. D) vertical.