16. Giving reasons state whether the following are true or false: (a) Aggregate demand will have parallel shift upward if MPC of an economy rises.(b) There will be no change in real output due to excess demand in an economy.(c) During deficient demand equilibrium is determined at full employment level.

16. Giving reasons state whether the following are true or false: (a

1.	16. Giving reasons state whether the following are true or false: (a) Aggregate demand will have parallel shift upward if MPC of an economy rises.(b) There will be no change in real output due to excess demand in an economy.(c) During deficient demand equilibrium is determined at full employment level.
Answer» reasons state whether the following are TRUE or false:(a) Aggregate demand will have PARALLEL shift upward if MPC of an economy rises. FALSEAggregate demand is how many goods and services PEOPLE buy. It's usually reported for a specific time period, such as month, quarter, or year.Demand CHANGES as the price increases. That's called the law of demand. It says people will WANT more goods and services when prices fall. They will buy less as prices increase.(b) There will be no change in real output due to excess demand in an economy.trueabove picture(c) During deficient demand equilibrium is determined at full employment level. FALSEEMPLOYEMENT > 0