Pearson eText Economics -- Instant Access (Pearson+)
Pearson eText Economics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879459
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 28.1, Problem 3RQ
To determine

Explain the effect of the real GDP on consumption expenditure and import using marginal propensity to consume and marginal propensity to import.

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Students have asked these similar questions
What is the difference between aggregate expenditure and aggregate demand? Why is the aggregate demand curve downward sloping while the aggregate expenditure line is upward sloping?
What are the equations for the consumption, net exports, and aggregate expenditures functions?
What is the effect on aggregate expenditure if the values of exports exceeds the value of imports in a country
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