Answer the Questions Below

question 26

Essay

Answer the questions below:
(A)Plot the line showing where income and spending are equal. What does the slope of this line equal?
(B)Using the information in the table below, plot the line showing the relationship between expenditure and income. What is the slope of this line? (C)Using the graphical approach and the information in the above table, show what happens to the spending balance if government expenditures increase by 9.
(D)Using the graphical approach and the information in the above table, show what happens to the spending balance if the MPC increases to 0.9.

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Definitions:

Cochlea

A spiral-shaped, fluid-filled inner ear structure responsible for converting sound waves into nerve impulses that are interpreted by the brain as sound.

Eardrum

A thin membrane that separates the outer ear from the middle ear, vibrating in response to sound waves and initiating the process of hearing.

Cochlea

A spiral-shaped, fluid-filled organ in the inner ear responsible for converting sound vibrations into nerve signals for hearing.

Sound Vibrations

Sound vibrations are the back-and-forth movement of particles when a sound is produced, traveling as sound waves through mediums like air or water.