Economy, asked by ShizaAmir5, 6 months ago

An invention that raises the future marginal product of capital would cause an increase in desired investment curve to shift to the _______ . (a) right. (b) left. (c)uneffected

Answers

Answered by mrunalbabar655
0

Answer:

Consumption and Saving (Section 4.1)

People weight the present against the future in deciding the level of consumption and saving

Consumption is the largest component of spending

Expenditure approach Y= C + I + G + NX

Two uses for private disposable income Consumption and Saving

Saving occurs when individuals limit current consumption to provide for future consumption as a hedge against uncertainty

Going to assume for now that the economy is a Closed Economy

Factors which Determine Consumption

Explanation:

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