Exhibit 11-3 Aggregate Demand and Supply Model Suppose the Economy

question 59

Multiple Choice

Exhibit 11-3 Aggregate demand and supply model Suppose the economy in Exhibit 11-3 is in equilibrium at point E₁, and the marginal propensity to consume (MPC) is 0.75. Following Keynesian economics, to restore full employment, the government should cut taxes by:

• A)$0.20 trillion.
• B)$1 trillion.
• C)$0.5 trillion.
• D)$0.25 trillion.

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Definitions:

Human Resource Management

The strategic approach to the effective management of people in an organization, so that they help the business gain a competitive advantage. It's designed to maximize employee performance in service of an employer's strategic objectives.

Motivating

The process of encouraging or inspiring individuals or groups towards achieving certain goals or desired behaviors.

Staffing

The process of hiring, positioning, and overseeing employees in an organization.

Informational Roles

Functions or tasks primarily focused on the collection, processing, and dissemination of information, often associated with managerial and leadership positions.