In the Short-Run Keynesian Model, to Close an Expansionary Gap

question 49

Multiple Choice

In the short-run Keynesian model, to close an expansionary gap of $10 billion dollars government purchases must be:

• A)increased by $10 billion.
• B)decreased by $10 billion.
• C)increased by more than $10 billion.
• D)decreased by less than $10 billion.

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Definitions:

Triplets

The occurrence of three offspring born from the same pregnancy, either from one or multiple eggs.

Protein Synthesis

The cellular process of building proteins from amino acids, based on the instructions encoded in DNA and carried out by ribosomes, mRNA, and tRNA.

Codon

A sequence of three nucleotides in mRNA that specifies a particular amino acid or termination signal in the synthesis of proteins.

Amino Acid Coding

Amino acid coding involves the use of codons in mRNA to specify which amino acids will be added during protein synthesis.