(Table: Keynesian Equilibrium Analysis with Taxes and Net Exports) Given

question 92

Multiple Choice

(Table: Keynesian Equilibrium Analysis with Taxes and Net Exports) Given the data in the table , if full employment income is $500 while the current equilibrium is $750, _____ gap exists, such that _____ in aggregate expenditures equal to _____ is needed to close the gap.

• A) an inflationary; a decrease; $100
• B) an inflationary; an increase; $250
• C) a recessionary; an increase; $100
• D) a recessionary; a decrease; $250

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Definitions:

Will

A legal document that outlines how a person's assets and estate should be distributed among beneficiaries after their death.

Joint Tenancy

A form of co-ownership where parties own property equally and have the right of survivorship.

Matrimonial Property

Assets and properties acquired during the course of a marriage that may be subject to division upon divorce.

Divorce

The legal dissolution of a marriage by a court or other competent body.