QUESTION 14 0 poinle Which of the following comoctly esbes the cfflcts of cse in

Question

QUESTION 14 0 poinle Which of the following comoctly esbes the cfflcts of cse in consumption decresses, and b. Disposable income incases C Disposable income There is no efect on either nes and saving inc e Disposable income increases comon decra and saving decreass QUESTION 15 If consumption-$2,000, ivement _ S100, pwer-pur bases _ SS00, n" e peri-440, GOP-53,0 GOP-53,400 GOP-53,140 d GDP-$3.720 GOP-$334 QUESTION 1 the laror the impact of a shit in agregate demtlim rce eve b the larger the value of he speing mli stoeper the ag d the larger the impact of a shift in agggate deeand on the eqilibrim output level e the langer the budget

Explanation / Answer

14. b

Because decrease in tax increase after tax income , increasing consumption and savings

15. c

GDP = C+I+G +Net exports

16.a

Because in case of perfectly inelastic supply curve change in aggregate demand results in change in price level but no change in output

17.c

Income approach adds all income earned in production process.

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