Refer to Figure 9.3 for the Following Questions

question 55

Multiple Choice

Refer to Figure 9.3 for the following questions.
Figure 9.3

-Suppose that in Figure 9.3, government spending increases, shifting up the aggregate expenditure line. GDP increases from GDP₁ to GDP₂, and this amount is $400 billion. If the MPC is 0.75, then what is the distance between N and L or by how much did government spending change?

• A)$100 billion
• B)$200 billion
• C)$10 billion
• D)$300 billion

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Definitions:

Individualism/Collectivism

A cultural dimension that describes the degree to which individuals are integrated into groups, with individualism favoring personal goals and collectivism emphasizing group goals.

Ritual Artifact

An object used in a ritual, which may carry symbolic meaning or significance related to the act it is part of.

Ritual Script

A predefined sequence of actions or words performed during a ritual or ceremony, often with symbolic significance.

Binary Opposition

A concept in structuralism describing a pair of theoretical opposites or contrasting categories, such as good/evil or male/female.