Comparison: Movements along Curves vs. Shifts of Curves
Learn about the comparison between Movements along Curves vs. Shifts of Curves. Movement Along Curves: The distinction between movement along curve and shift of curve is illustrated in Fig. 35.1. When national income is Y0 aggregate consumption is C0 and saving is S0. Moreover, the investment that takes place at this level of income is I0. Suppose now national income [...]