Table 13-2 -Refer to Table 13-2. Let Y = Real GDP, AE

question 139

Multiple Choice

Table 13-2

-Refer to Table 13-2. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI_P = Planned Investment. Consider a simple economy that is made up of only two sectors, households and firms, and that all investment is autonomous. Further, disposable personal income = real GDP. Suppose autonomous investment rises by $50 billion. In the short run, this will cause

• A) an increase in equilibrium AE of $100 billion, a shift to the right of the aggregate demand (A
• D) curve of $100 billion, and an increase in Y of more than $100 billion.
• B) an increase in autonomous AE of $50 billion, a shift to the right of the AD curve of $100 billion, and an increase in Y of less than $100 billion.
• C) an increase in autonomous AE of $50 billion, a shift to the right of the AD curve of $100 billion, and an increase in Y of more than $200 billion.
• D) an increase in equilibrium AE of $50 billion, a shift to the right of the AD curve of $300 billion, and an increase in Y of less than $300 billion.

Distinguish between secured and nonsecured debts in the context of bankruptcy.

Understand the role and importance of instructional videos and printed documentation for companies.

Analyze the techniques for extending definitions and their applications.

Grasp the implications of contract law on product safety and instructions effectiveness.

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Definitions:

Judging

The process of forming opinions or conclusions about people, situations, or ideas based on available information and personal criteria.

Surface Language

The literal or overt meaning of language, as opposed to underlying or implicit meanings.

Facial Expressions

Visible expressions on a person’s face that convey emotional states, intentions, or reactions.

Inner Emotions

Deep-seated feelings that might not be immediately visible or expressed to others.