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The Diagram Below Is for a Closed Economy Which Begins

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The diagram below is for a closed economy which begins in long-run equilibrium at Y* and The diagram below is for a closed economy which begins in long-run equilibrium at Y* and   .   FIGURE 31-3 Refer to Figure 31-3.Suppose the government in this closed economy implements an expansionary fiscal policy,which increases the budget deficit.When the economy reaches its new long-run equilibrium,how has the composition of national income changed? A) Government purchases have decreased. B) Investment has fallen. C) Consumption has increased. D) Investment has risen. E) The composition of national income at Y* is unchanged. . The diagram below is for a closed economy which begins in long-run equilibrium at Y* and   .   FIGURE 31-3 Refer to Figure 31-3.Suppose the government in this closed economy implements an expansionary fiscal policy,which increases the budget deficit.When the economy reaches its new long-run equilibrium,how has the composition of national income changed? A) Government purchases have decreased. B) Investment has fallen. C) Consumption has increased. D) Investment has risen. E) The composition of national income at Y* is unchanged. FIGURE 31-3 Refer to Figure 31-3.Suppose the government in this closed economy implements an expansionary fiscal policy,which increases the budget deficit.When the economy reaches its new long-run equilibrium,how has the composition of national income changed?


Definitions:

Facial Feedback Hypothesis

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Feedback from Facial Muscles

The sensory input and psychological effects that result from the movements and configurations of the muscles in the face.

Display Rules

Cultural norms that dictate how emotions should be expressed publicly.

Emotional Expressions

The manifestations of complex psychological states through facial expressions, body language, and vocal tones that convey feelings, mood, or emotions.

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