If Government Purchases Increase and Net Taxes Decrease,_____

question 46

Multiple Choice

If government purchases increase and net taxes decrease,_____.

• A)the price level will fall
• B)money supply must rise
• C)the aggregate demand curve shifts leftward
• D)aggregate supply shifts rightward
• E)output and employment will increase

Grasp the concept of high-tech industries and their effects on social mobility and inequalities.

Comprehend the measurement and comparison of income inequality using the Gini index.

Realize the role of industrialization in reshaping social inequality.

Understand the global and societal levels of inequality.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the dataset deviate from the mean.

Sample Size

The number of observations or individuals included in a sample drawn from a population.

T-statistic

A ratio used in hypothesis testing that compares the observed difference between sample mean and the population mean relative to the sample variability.

Sample Mean

The average of all the data points in a sample.