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Using the ZZ / Y and NX Graphs,illustrate Graphically and Explain

question 54

Essay

Using the ZZ / Y and NX graphs,illustrate graphically and explain what effect an increase in government spending will have on output,exports,imports,and net exports.Clearly label all curves and clearly label the initial and final equilibria.


Definitions:

Thematic Apperception Test

A projective psychological test in which individuals express their feelings and thoughts through stories they create about ambiguous pictures.

Picture Story Exercise

A projective psychological test used to uncover an individual's implicit motives, desires, and fears through the stories they create about ambiguous pictures.

Self-actualization

Actualizing one’s abilities and possibilities, regarded as an inherent desire or necessity found within every person.

Collective Unconscious

Carl Jung’s term for the unconscious archetypes shared by all humans.

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