Suppose mpc is 0.8 initially. households then change their, Ask an Expert

Economics

1.Suppose MPC is 0.8 initially. Households then change their behavior so that the MPC falls to 0.75. What happens to aggregate expenditures? Why?

2.How is an aggregate demand curve derived? What would cause the aggregate demand curve to shift to the right?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M942151

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