Economics · Aggregate Demand and Income Equilibrium
Given the Aggregate Demand equation AD = C + I + CY, where C is autonomous consumption, I is autonomous investment, and CY is induced consumption, a change in autonomous consumption will lead to which of the following? (A) Change in equilibrium level of income (B) Change in aggregate demand (C) Change in Investment (D) Change in aggregate demand and no change in equilibrium level of income (E) Change in marginal propensity to consume
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(D) Only
- 2(A) and (B) Only✓
- 3(C) and (D) Only
- 4(B) and (E) Only
Correct answer
(A) and (B) Only
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