Refer to the above figure. Line EBD is called A) the saving function. B) the consumption ...

Author Question: Refer to the above figure. Line EBD is called A) the saving function. B) the consumption ... (Read 135 times)

Diane

Hero Member
Posts: 576

on: Jun 30, 2018

Refer to the above figure. Line EBD is called

A) the saving function. B) the consumption function.
C) the 45-degree line. D) aggregate demand.

Question 2

Contractionary fiscal policy will most likely

A) involve increasing government spending. B) reduce the price level.
C) involve cutting taxes. D) raise real GDP.

Anna

Sr. Member
Posts: 343

Reply #1 on: Jun 30, 2018

Answer to Question 1

C

Answer to Question 2

B

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