Consider the Simplest Macro Model with Demand-Determined Output,where AE =

question 92

Multiple Choice

Consider the simplest macro model with demand-determined output,where AE = C + I.Suppose actual national income is $900 billion and desired consumption plus desired investment is $920 billion.We can expect that

• A)firms will see an increase in inventories,and they will respond by decreasing output,thereby decreasing actual national income.
• B)firms will decrease autonomous investment by $20 billion until equilibrium national income is reached at $900 billion.
• C)firms will increase autonomous investment by $20 billion until equilibrium national income is reached at $920 billion.
• D)firms will see a decrease in inventories,and they will respond by increasing output,thereby increasing actual national income.
• E)actual national income will decrease until equilibrium national income is reached at $900 billion.

Recognize the evolutionary significance of the first photosynthetic organisms and their contribution to oxygen production.

Understand the endosymbiotic theory and the evidence supporting it.

Identify and describe the major eras in Earth’s geological timeline and their characteristic life forms.

Explain the concept of chemical evolution and the conditions necessary for life to arise.

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Definitions:

Situational Demands

External factors or necessities that influence how a person behaves or performs in various contexts.

Fiedler's Contingency Model

A theory positing that leadership effectiveness is contingent upon the match between a leader’s style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.

Leadership Style

The characteristic manner and approach by which a leader directs, motivates, and manages their team.

Achievement Oriented

A focus on setting challenging goals and working towards them with determination and confidence.