A Change in Which of the Following Changes the Slope

question 448

Multiple Choice

A change in which of the following changes the slope of the aggregate expenditure curve?

• A) an increase in autonomous government expenditures
• B) an increase in the marginal propensity to consume
• C) a decrease in autonomous consumption expenditures
• D) All of the above answers are correct because they all change the slope of the aggregate expenditure curve.

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Definitions:

Total Federal Income Tax

The sum of all taxes owed to the federal government by an individual or entity in a fiscal year after deductions and credits.

FICA-OASDI

Stands for Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; it's a payroll tax that funds Social Security and Medicare in the United States.

FICA-Medicare

A portion of the Federal Insurance Contributions Act tax that funds Medicare, a federal health insurance program for people who are 65 or older and certain younger people with disabilities.

Net Pay

The amount of money an employee receives after deductions such as taxes and retirement contributions are subtracted from the gross pay.