Table 13-3 All Figures in Billions of Base-Year Dollars

question 32

Multiple Choice

Table 13-3
All figures in billions of base-year dollars

-Refer to Table 13-3. If government purchases increase by $100 billion, the aggregate expenditures curve will shift up by $_______ billion.

• A) 100
• B) 250
• C) 400
• D) 500

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Definitions:

Congress

The legislative body of the United States government, consisting of two chambers: the Senate and the House of Representatives.

U.S. Constitution

The supreme law of the United States, establishing the framework of the national government, fundamental rights, and liberties of individuals.

Enumerated Powers

Specific powers granted to the United States Congress by the Constitution, including the authority to coin money, regulate commerce, and declare war.

Article I, Section 8

A section of the United States Constitution that outlines the powers of Congress, including taxation, borrowing money, regulating commerce, and declaring war.