An Economy Has a Fixed Price Level, No Imports, and No

question 160

Multiple Choice

An economy has a fixed price level, no imports, and no income taxes.MPC is 0.5 and real GDP is $300 billion.Businesses increase investment by $10 billion.The new level of real GDP is

• A)$305 billion.
• B)$5 billion.
• C)$320 billion.
• D)$20 billion.
• E)$300 billion.

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Definitions:

Implicit Propositions

Statements implied within an argument, not directly stated but understood in the context.

Fugitive

An individual who has fled from a location or is concealing themselves, typically to evade capture or persecution.

Syllogistic Steps

The parts of a syllogism, which is a form of reasoning where a conclusion is drawn from two given or assumed propositions (premises).

Prejudged

Forming a judgment or opinion before having the evidence or facts to do so.