In a Simple Macro Model with Government and Demand- Determined

question 31

Multiple Choice

In a simple macro model with government and demand- determined output, to reduce equilibrium national income by $100 billion, G must be

• A)raised by $100 billion times the simple multiplier.
• B)lowered by $100 billion divided by the simple multiplier.
• C)lowered by $100 billion.
• D)lowered by $100 billion times the simple multiplier.
• E)raised by $100 billion divided by the simple multiplier.

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Definitions:

Class Conflict

The strain or conflict arising in society from the contrasting economic interests and aspirations among individuals of diverse social classes.

Twentieth-century

Referring to the period from 1901 to 2000, marked by significant technological, political, and cultural changes worldwide.

Social Changes

Transformations in societal structures, behaviors, or cultural norms over time.

Scientific Revolutions

Significant transformations in the foundation of science, where new theories and discoveries fundamentally change the understanding of certain phenomena or the way science is conducted.