In a Simple Model of the Economy, Without Government or Taxes

question 43

Multiple Choice

In a simple model of the economy, without government or taxes, a shock that causes an upward shift of the aggregate consumption function also causes shift of the saving function.

• A)a less- than- equal upward
• B)no
• C)an equal upward
• D)an equal downward
• E)a less- than- equal downward

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Definitions:

Fetal Development

The process of growth and development within the womb from conception to birth, including the formation of organs and structures of the fetus.

Teratogenic Effects

The adverse outcomes or congenital malformations caused by exposure to teratogens in the prenatal environment.

Developmental Stage

A qualitatively distinctive, coherent pattern of behavior that emerges during the course of development.

Teratogen

Any agent or substance that can cause malformation or serious developmental abnormalities in an embryo or fetus.