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Roar Roar
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7 years ago
Based on our understanding of the model presented in Chapter 3, we know that a reduction in c1 (where C = c0 + c1YD) will cause
A) the ZZ line to become steeper and a given change in autonomous consumption (c0) to have a smaller effect on output.
B) the ZZ line to become steeper and a given change in autonomous consumption (c0) to have a larger effect on output.
C) the ZZ line to become flatter and a given change in autonomous consumption (c0) to have a smaller effect on output.
D) the ZZ line to become flatter and a given change in autonomous consumption (c0) to have a larger effect on output.
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
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legendvpnlegendvpn
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7 years ago
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Roar Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
prime7105
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Yesterday
Correct Slight Smile TY
kc123
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2 hours ago
Thanks
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