Multiple Choice
In the income-expenditure model, if autonomous investment increases by $10 billion, _____
A) the aggregate expenditure line shifts upward by $10 billion.
B) planned saving increases by $10 billion.
C) the aggregate expenditure line shifts downward by $10 billion.
D) planned saving decreases by $10 billion.
E) the equilibrium level of real GDP demanded increases by $10 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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