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N b reductioninoutput a c nincreaseinoutput a d

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Unformatted text preview: larger effect on output C) he ZZ line to become steeper and a given change in autonomous consumption (c0) to have t a smaller effect on output D) he ZZ line to become flatter and a given change in autonomous consumption (c0) to have t a smaller effect on output 11) n increase in the desire to save by households will cause: A A) o change in investment and no change in output. n B) reduction in output. a C) n increase in output. a D) reduction in investment. a Use the information below to answer the following questions: C = 1000 + .75YD I = 850 G = 2500 T = 1000 12) he equilibrium level of GDP for the above economy equals: T A) 600. 3 B) 350. 4 C) 3400. 1 D) 4400. 1 E) one of the above n 13) ased on our understanding of the model presented in Chapter 3, we know with certainty that B an equal and simultaneous reduction in...
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