In the Simple Aggregate Expenditure Model Where All Components of Aggregate

question 21

Multiple Choice

In the simple aggregate expenditure model where all components of aggregate expenditure are autonomous except consumption, suppose when autonomous aggregate expenditures rise by $500 billion, equilibrium real GDP increases by $2,500 billion.Which of the following statements is true?

• A)The MPS = 0.8 where MPS = marginal propensity to save.
• B)The MPC = 0.2 where MPC = marginal propensity to consume.
• C)The MPS = 0.2.
• D)The MPC = 5.

Learn the applications of informatics and technology in nursing documentation and its impact on patient care.

Identify the protocols for handling data entry errors and maintaining confidentiality of patient information.

Understand the purpose and process of discharge planning and patient education.

Recognize the importance of accurate and timely documentation for effective communication among healthcare professionals.

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Definitions:

Openness To Experience

A personality trait that features characteristics such as imagination and insight, and a wide range of interests, as well as a willingness to try new things.

Socioeconomic Status

An economic and sociological combined total measure of a person's work experience and of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through the means of instruction, training, or research.

Conscientiousness

A personality trait characterized by being organized, responsible, and dependable.