Use the Following to Answer Questions

question 76

Multiple Choice

Use the following to answer questions .
Exhibit: Aggregate Expenditures and Real GDP 2
-(Exhibit: Aggregate Expenditures and Real GDP 2) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I_P = Planned Investment. Consider a simple economy where AE = C + I_P, and I_P is autonomous. What is the value of AE when Y = $12,000 billion?

• A) $2,000 billion
• B) $8,000 billion
• C) $11,000 billion
• D) $12,000 billion

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Definitions:

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present.

Hidden Prejudice

Prejudicial attitudes or biases that are not overtly expressed or are consciously recognized by individuals.

Stereotype

Widely shared and simplified evaluative image of a social group and its members.

Schema

Cognitive structure that represents knowledge about a concept or type of stimulus, including its attributes and the relations among those attributes.