5001,000Aggregate output, Y (billions of dollars)Figure 8.1Refer to Figure 8.1. An increase in the MPCSelect one:Oa shifts the saving function downward.Ob.makes the caving function fatteOashifts the consumption function upard..2.makes the consumption function fatter)billions of dollars)

Given that MPC or marginal propensity to consume is increasing, the MPS or marginal propensity to…

Refer to Figure 8.1. An increase in the MPC Select one: Oa. shifts the saving function downward. O b.makes the saving function flatter Oc shifts the consumption function upward. Od makes the consumption function flatter.

Refer to Figure 8.1. An increase in the MPC Select one: Oa. shifts the saving function downward. O b.makes the saving function flatter Oc shifts the consumption function upward. Od makes the consumption function flatter.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.1P

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500
1,000
Aggregate output, Y (billions of dollars)
Figure 8.1
Refer to Figure 8.1. An increase in the MPC
Select one:
Oa shifts the saving function downward.
Ob.makes the caving function fatte
Oashifts the consumption function upard.
.2.makes the consumption function fatter)
billions of dollars)

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