Exhibit 23-5 -If Spending Was Equal to the Amount Corresponding to Point

question 174

Multiple Choice

Exhibit 23-5
-If spending was equal to the amount corresponding to point B in Exhibit 23-5,

• A)aggregate output would increase.
• B)aggregate output would decrease.
• C)spending is too high, and the expenditure line will shift down.
• D)the economy would be in equilibrium.
• E)the marginal propensity to consume would increase.

---

Definitions:

DfWG

This term is an abbreviation often used in statistical analysis that typically stands for "Degrees of Freedom Within Groups," referring to the variation of a set of observations within individual groups.

One-way ANOVA

A statistical technique used to compare mean values of three or more independent groups to find if at least one group mean is significantly different from the others.

Groups

Collections of individuals or items classified together based on common characteristics or attributes.

One-way ANOVA

A statistical method used to compare the means of three or more independent groups to ascertain if there are any statistically significant differences among them.