Refer to the Diagram for a Private Closed Economy

question 3

Multiple Choice

Refer to the diagram for a private closed economy. In this economy, aggregate expenditures

• A) do not change as GDP increases.
• B) increase by $2 for every $5 increase in GDP.
• C) increase by $2 for every $4 increase in GDP.
• D) increase by $2 for every $3 increase in GDP.

Identify and explain the concept of outgroup homogeneity bias.

Recognize the existence of stigma and its consequences on social attitudes and behaviors.

Evaluate strategies for the reduction of prejudice and the underlying psychological processes.

Understand how to calculate free cash flow from provided financial information.