Which of the Following Statements Is True

question 127

Multiple Choice

Which of the following statements is true?

• A)Most conditional forecasts assume that a change in government purchases has no effect on the other spending components of real GDP.
• B)Only consumption spending is affected by changes in government purchases.
• C)A change in government purchases has no effect on the other spending components of real GDP.
• D)Consumption, investment, and net export spending are all likely to change as a result of a change in government purchases.
• E)An increase in government purchases by $10 million will cause real GDP to increase by exactly $10 million.

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Definitions:

Raphael

An Italian painter and architect of the High Renaissance, celebrated for the perfection and grace in his artworks, including the School of Athens.

Netherlandish Art

Art originating from the Netherlands, especially during the 15th and 16th centuries, known for its detailed realism and innovative use of oil paint.

Painting Style

The distinctive methods, techniques, and aesthetics used by an artist or within an art movement.

Mannerism

A style of later Renaissance art that emphasized “artifice,” often involving contrived imagery not derived directly from nature. Such artworks showed a self-conscious stylization involving complexity, caprice, fantasy, and polish. Mannerist architecture tended to flout the classical rules of order, stability, and symmetry, sometimes to the point of parody.