Rahman Practice Questions

An increase in income d an increase in wealth e an

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Unformatted text preview: increase in income d. An increase in wealth e. An increase in the interest rate. ____ 17. If Americans became more pessimistic about the economy, what would happen to the consumption-income line? a. A rightward movement along the line b. A leftward movement along the line c. The entire line would shift upward d. The entire line would shift downward e. The entire line would shift downward and there would be a rightward movement along the new line. ____ 18. Aggregate expenditure is the sum of a. all types of spending by households and firms b. spending and savings by households c. spe...
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