Study the diagram above and answer questions 2 to 4. The point labelled A2 represents: autonomous consumption. autonomous investment induced consumption equilibrium consumption autonomous spending The gap labelled W represents: autonomous consumption. investment spending. induced consumption. autonomous spending. none of the above. Full employment is indicated by: E1 Y1 E2 Y2 None of the above.
Study the diagram above and answer questions 2 to 4. The point labelled A2 represents: autonomous consumption. autonomous investment induced consumption equilibrium consumption autonomous spending The gap labelled W represents: autonomous consumption. investment spending. induced consumption. autonomous spending. none of the above. Full employment is indicated by: E1 Y1 E2 Y2 None of the above.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Study the diagram above and answer questions 2 to 4.
The point labelled A2 represents:
- autonomous consumption.
- autonomous investment
- induced consumption
- equilibrium consumption
- autonomous spending
The gap labelled W represents:
- autonomous consumption.
- investment spending.
- induced consumption.
- autonomous spending.
- none of the above.
Full employment is indicated by:
- E1
- Y1
- E2
- Y2
- None of the above.
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