Exhibit 20A-4  Macro AD/AS Model as Shown in Exhibit 20A-4

question 226

Multiple Choice

Exhibit 20A-4  Macro AD/AS Model As shown in Exhibit 20A-4, assume the marginal propensity to consume MPC equals 0.80. Using discretionary fiscal policy, federal government spending should be ____ in order to restore the economy from E₁ to full employment.

• A) increased by $1.6 trillion
• B) decreased by $1.6 trillion
• C) increased by $.20 trillion
• D) increased by $.20 trillion.
• E) increased by $.80 trillion

Realize the importance of emodiversity and how a variety of emotions contributes to well-being.

Recognize the dual role of emotions in both promoting and testing interpersonal relationships.

Understand the concept of the affect-as-information hypothesis.

Recognize the importance of positive emotions and social connections in maintaining emotional well-being.

---

Definitions:

Resistance

Opposition or pushback against forces or policies perceived as unjust or oppressive.

Ethnocentrism

Ethnocentrism is the belief in the superiority of one's own ethnic group, culture, or nationality, often resulting in prejudice and discrimination against other groups.

Cow Worship

A cultural or religious practice that venerates cows as sacred animals, often associated with Hinduism.

Economic Practice

encompasses the activities, methods, and principles that individuals, businesses, and governments employ to produce, distribute, and consume goods and services.