Consider a Simple Macro Model with a Constant Price Level

question 47

Multiple Choice

Consider a simple macro model with a constant price level and demand- determined output. Suppose the level of actual national income is less than desired aggregate expenditure. In this case,

• A)there will be no change in national income because only actual expenditure is relevant.
• B)national income may increase or decrease, depending on the relative sizes of the average propensity to consume and the average propensity to save.
• C)national income will fall, because desired expenditures are less than actual expenditures.
• D)inventories will build up, causing national income to rise.
• E)shortages of goods and reductions in inventories will cause producers to increase output and national income to rise.

Grasp the concepts of religious rituals, their functions, and importance in social life.

Learn about the measurement and expression of religiosity.

Identify the beliefs and practices of major world religions.

Differentiate between various types of religious organizations: churches, sects, and new religious movements.

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Definitions:

Friction Surfaces

Areas where two materials come into contact and movement between them is resisted by friction, important in braking systems and clutches.

Governor

A device used to regulate the speed of machinery by automatically adjusting the supply of fuel, steam, or other power source.

Brake Chambers

Components in air brake systems, primarily in heavy vehicles, where pressurized air is converted into mechanical force to apply the brakes.