92%(39)36 out of 39 people found this document helpful
This preview shows page 44 - 47 out of 372 pages.
36.When we graph consumption as a function of national income rather than as a function of ________, the slope of this consumption function is the ________.A) disposable income; MPSB) disposable income; MPCC) personal income; MPC
D) personal income; MPSCorrect Answer(s):BPoints Earned:1.0/1.037.A decrease in aggregate expenditure has what result on equilibrium GDP?Points Earned:1.0/1.038.If an increase in autonomous consumption spending of $25 million results in a $100 million increase in equilibrium real GDP, thenPoints Earned:1.0/1.039.Which of the following is a reason why increases in the price level result in a decline in aggregate expenditure?Points Earned:1.0/1.040.Which of the following will increase aggregate expenditure in the United States?A) an increase in interest ratesB) an increase in government purchasesC) an increase in the price levelD) an increase in the value of the dollar
Points Earned:1.0/1.0Correct Answer(s):B41. A stock market boom which causes stock prices to rise should causePoints Earned:1.0/1.042. On the 45-degree line diagram, for points that lie below the 45-degree line,Points Earned:0.0/1.0