Statement 1I Given the Following Statement

question 182

Multiple Choice

Statement 1I
Given the following statement:
(G • ∼ M) ⊃ (M ∨ G)
-Statement 1I is:

• A) Consistent.
• B) Logically equivalent.
• C) Tautologous.
• D) Contingent.
• E) Self-contradictory.

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Definitions:

Aggregate Demand

The overall desire for goods and services within an economy, identified at a given price level and during a specified timeframe.

Taxes

Mandatory monetary fees or different forms of taxes levied on a taxpayer by a government entity to finance government operations and a range of public expenses.

Permanent Tax

A concept in fiscal policy describing taxes that are intended to be implemented indefinitely or without a predetermined end date.

Aggregate Demand

The total market demand for goods and services within an economy at a fixed price level over a certain time period.