5) Which of the following will cause a movement from one point on an AD curve to another point on the same AD curve? a) a change in government expenditures b) a change in the price level c) a change in net exports d) all of the options provided 6) Here is a consumption function: C = CO + MPC(Yd). If MPC is 0.80, then we know that a) as Co rises by $0.80, Yd rises by $1. b) Yd rises by $0.80. c) as Yd rises by $1. Co rises by $0.80. d) as Yd rises by $1, C rises by $0.80. 7) An aggregate demand (AD) curve shows the a) none of the options provided is correct b) quantity of output that people are willing and can afford to buy at different price levels, ceteris paribus c) quantity of output that people are willing as well as able to produce and sell at different price levels, ceteris paribus. d) value of a particular good that people are willing and able to buy at a particular price, ceteris paribus. d) value of a particular good that people are willing and able to buy at a particular price, ceteris paribus.
5) Which of the following will cause a movement from one point on an AD curve to another point on the same AD curve? a) a change in government expenditures b) a change in the price level c) a change in net exports d) all of the options provided 6) Here is a consumption function: C = CO + MPC(Yd). If MPC is 0.80, then we know that a) as Co rises by $0.80, Yd rises by $1. b) Yd rises by $0.80. c) as Yd rises by $1. Co rises by $0.80. d) as Yd rises by $1, C rises by $0.80. 7) An aggregate demand (AD) curve shows the a) none of the options provided is correct b) quantity of output that people are willing and can afford to buy at different price levels, ceteris paribus c) quantity of output that people are willing as well as able to produce and sell at different price levels, ceteris paribus. d) value of a particular good that people are willing and able to buy at a particular price, ceteris paribus. d) value of a particular good that people are willing and able to buy at a particular price, ceteris paribus.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:5) Which of the following will cause a movement from one point on an AD curve to another point on
the same AD curve?
a) a change in government expenditures
b) a change in the price level
c) a change in net exports
d) all of the options provided
6) Here is a consumption function: C = CO + MPC(Yd). If MPC is 0.80, then we know that
a) as Co rises by $0.80, Yd rises by $1.
b) Yd rises by $0.80.
c) as Yd rises by $1. Co rises by $0.80.
d) as Yd rises by $1, C rises by $0.80.
7) An aggregate demand (AD) curve shows the
a) none of the options provided is correct
b) quantity of output that people are willing and can afford to buy at different price levels,
ceteris paribus
c) quantity of output that people are willing as well as able to produce and sell at different
price levels, ceteris paribus. d) value of a particular good that people are willing and able to
buy at a particular price, ceteris paribus.
d) value of a particular good that people are willing and able to buy at a particular price,
ceteris paribus.
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