Assume the AS Curve Is Upward-Sloping

question 138

Multiple Choice

Assume the AS curve is upward-sloping.If the multiplier is 4 and the government increases transfer payments by $10 billion,then real output will increase by

• A)Less than $30 billion.
• B)Exactly $30 billion.
• C)Exactly $40 billion.
• D)Exactly $50 billion.

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Definitions:

Imprisonment

The act of confining someone in a prison or similar facility as punishment for a crime or while awaiting trial.

State Societies

Societies characterized by the presence of a formal governmental organization, laws, and social stratification.

Justice

A concept of moral rightness based on ethics, rationality, law, natural law, religion, equity, and fairness.

Kin-Ordered

A social organization system where relationships based on kinship play a central role in the structuring of society.