Use the Following Situation to Answer the Question : Situation

question 60

Multiple Choice

Use the following Situation to answer the question : situation 20-1
Assume a closed economy with no government. Suppose that autonomous consumption equals $400, planned investment equals $500, and the mpc equals 0.9.
-Keynes believed that changes in autonomous spending were dominated by changes in

• A)consumer expenditure.
• B)autonomous consumer expenditure.
• C)investment spending.
• D)taxes.
• E)none of the above.

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Definitions:

Certification Election Process

A formal procedure allowing workers to vote on whether or not they wish to be represented by a union in dealing with their employer.

Experimental Laboratory Conditions

A controlled setting used for research where variables can be manipulated to observe and study effects under replicable conditions.

Elections

A formal and organized process of voting to choose individuals for public office or to decide on public issues.

Doctrine

A principle or set of principles laid down by an authority as incontrovertibly true, often used in legal, religious, or philosophical contexts.