N false false false en-us x-none x-none


If income increases by $10,000, government purchases are fixed at $1,000, investment spending is fixed at $2,000, net exports are fixed at $500, and the marginal propensity to consume is 0.70, by how much does aggregate expenditure increase?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: N false false false en-us x-none x-none
Reference No:- TGS0943024

Expected delivery within 24 Hours