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Take-Home Exam 1 Economics 1B.pdf - Adobe Acrobat Reader DC (32-bit) X File Edit View Sign Window Help Home Tools Take-Home Exam 1... x (?

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Take-Home Exam 1 Economics 1B.pdf - Adobe Acrobat Reader DC (32-bit) X File Edit View Sign Window Help Home Tools Take-Home Exam 1... x (? A Sign In 7 / 11 X A Q.1.13 An increase in the marginal propensity to consume: (2) (1) Shift the aggregate spending function (A) upwards; (2) Shifts the aggregate spending function (A) downwards; Co (3) Increases the slope of the aggregate spending function (A); (4) Decreases the slope of the aggregate spending function. Q.1.14 If the inflation rate is 6% and Susan receives a 6% increase in income, then, over (2) the year, Susan's: (1) Real and nominal income both remain unchanged; (2) Real and nominal income both rise; (3) Real income rises but nominal income remains unchanged; (4) Nominal income rises but real income remains unchanged. 7:02 PM Type here to search 9 0 0 8 e W P P 11/21/2021

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