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QUESTION
In general, treating other macro variables as given, as the aggregate real income of an economy rises temporarily
In general, treating other macro variables as given, as the aggregate real income of an economy rises temporarily
in the short run,
a.real net exports rise by more than the income increase.
b.real net exports rise by the same amount as the income increase.
c.real consumption demand rises by less than the income increase.
d.real consumption demand rises by more than the income increase.
e.real consumption demand rises by the same amount as the income increase.
