In the Aggregate Expenditures Model, If Aggregate Expenditures Are Greater

question 117

Multiple Choice

In the aggregate expenditures model, if aggregate expenditures are greater than real GDP,

• A) there will be unplanned decreases in inventories.
• B) employment decreases.
• C) aggregate output decreases.
• D) actual real output is greater than equilibrium real output.

Grasp the liability principles under the doctrine of respondeat superior for principals.

Understand the significance of the power of attorney and its implications.

Understand the basic mechanisms and theories of hearing.

Identify and describe the physical structures involved in the hearing process.

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Definitions:

Executive Privilege

A right claimed by the president of the United States and other members of the executive branch to maintain confidential communications under certain circumstances, especially to shield sensitive information from legislative and judicial review.

Pocket Veto

A legislative maneuver available to the U.S. President to indirectly veto a bill by retaining it unsigned until it is too late for it to be dealt with during the legislative session.

Congressional

Pertaining to or characteristic of a formal legislative body that governs a nation, particularly in relation to the United States Congress.

Patronage

The support, encouragement, privilege, or financial aid that an organization or individual bestows to another; in politics, often refers to the appointment of individuals to government positions based on their support of a party or candidate rather than on their qualifications.