The Government Increases Its Expenditures

question 417

Multiple Choice

The government increases its expenditures. The steeper the SAS curve, the ________ will be the increase in the price level and the ________ will be the increase in real GDP.

• A) larger; larger
• B) larger; smaller
• C) smaller; larger
• D) smaller; smaller

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Definitions:

Organization

An arranged group of people with a particular purpose, such as a business or government department.

Change Management

Refers to the process, tools, and techniques used to manage the people side of change to achieve desired business outcomes.

No Paper Initiative

An environmental or organizational policy aiming to reduce the use of paper, often by leveraging digital documents and communications.

Passive Resistance

A non-violent way of protesting or opposing authority by refusing to cooperate or acquiesce to commands or laws.