Author Question: An increase in autonomous investment in an economy will _____. a. shift the aggregate expenditure ... (Read 72 times)

michelleunicorn · **on:** Jun 30, 2018

An increase in autonomous investment in an economy will _____.
a. shift the aggregate expenditure line upward
b. shift the aggregate expenditure line downward
c. result in an upward movement along the aggregate expenditure line
d. result in a downward movement along the aggregate expenditure line
e. increase aggregate expenditures only at high levels of income

Question 2

When externalities exist, economic efficiency is achieved when marginal private benefit equals marginal private cost.
a. True
b. False
Indicate whether the statement is true or false