Refer to the Figure Below

question 70

Multiple Choice

Refer to the figure below. Based on the figure, if autonomous spending falls from 400 to 200, then the new short-run equilibrium output will equal:

• A)1,200.
• B)400.
• C)600.
• D)800.

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Definitions:

Innis's Theories

The ideas and theories of Harold Innis, a Canadian economist and scholar known for his contributions to media theory and economic history, especially the concepts of time-biased and space-biased media.

Transcend Space

To go beyond or rise above the physical boundaries of space, often in a metaphysical or abstract context.

Social Isolation

The condition in which an individual experiences a lack of social contacts and meaningful relationships with others, leading to feelings of loneliness and alienation.

Cellphones

Portable electronic devices used for communication, including voice calls, text messaging, and accessing the internet.