In the Short Run

question 30

Multiple Choice

In the short run,

• A) spending depends on income and income depends on spending
• B) spending depends on income,but income does not depend on spending
• C) income depends on spending,but spending does not depend on income
• D) spending and income are independent of one another
• E) spending is the only determinant of how much income an economy will produce

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Definitions:

Intelligence

A mental quality that consists of the abilities to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one's environment.

Primary Components

The main or most important parts that make up a system, structure, or compound.

Structure

A fundamental and sometimes intangible notion supporting or structuring an object, system, or concept.

Function

The purpose or role that something is designed or expected to fulfill.