Suppose There Is an Increase in Exports

question 99

Multiple Choice

Suppose there is an increase in exports. Assuming the price level is held constant, which one of the following best describes the sequence of changes in the economy?

• A)Autonomous expenditure increases, induced expenditure increases, real GDP increases, and the price level rises.
• B)Induced expenditure increases, autonomous expenditure increases, real GDP increases, and consumption increases.
• C)Induced expenditure increases, real GDP increases, autonomous expenditure increases, and the price level increases, lowering autonomous expenditure and real GDP increases by a smaller amount.
• D)Induced expenditure increases, real GDP increases, autonomous expenditure increases, real GDP increases more, autonomous expenditure increases again, etc.
• E)Autonomous expenditure increases, real GDP increases, induced expenditure increases, real GDP increases more, induced expenditure increases again, and the process continues until equilibrium expenditure is reached.

Determine the molecular formulas of organic compounds based on reaction stoichiometry.

Understand the polarization of bonds in chemical reactions and predict the effects on reaction outcomes.

Identify approaches to synthesize specific organic compounds starting from simple precursors.

Understand the role of regio- and stereochemical details in determining the major product of organic reactions.

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Definitions:

Older Adults

Individuals who have reached a certain age, typically defined as 65 years and older, often considered in studies related to aging and cognitive processes.

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A cognitive approach where individuals tend to analyze and reflect upon information and experiences before reaching a conclusion.

Cognitive Task

An activity or exercise designed to test or engage cognitive functions such as memory, attention, or problem-solving.

The Bell Curve

A book that argues intellectual capability is largely genetic and can be represented via a bell-shaped curve among populations.