Question

If government purchases increase by $10 billion and the economy's mpc is. 8, the aggregate demand curve will shift _____

Answer 1

If government purchases increase by $10 billion and the economy's MPC is. 8, the aggregate demand curve will shift rightward by $50 billion at each price level.

A series of markets where goods and services are exchanged, facilitated by capital, combine to make an economy. These networks exist at a local, national and global level. Economies can take many exclusive forms, focus on various priorities, and feature distinct levels of government intervention.

Financial issues influence our everyday lives. This consists of problems such as tax and inflation, interest rates and wealth, inequality and emerging markets, and energy and the environment. Economic systems can be categorized into four major types: traditional economies, command economies, mixed economies, and market economies.

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