In an Economy, Autonomous Spending Is $20 Trillion and the Slope

question 91

Multiple Choice

In an economy, autonomous spending is $20 trillion and the slope of the AE curve is 0.8. The equation of the AE curve is

• A)AE = 0.2Y-20.
• B)AE = 20 + 0.2Y.
• C)AE = 20 + 0.8Y.
• D)AE = 0.8Y - 20.
• E)AE = 20 - 0.8Y.

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Definitions:

Intelligence Scores

Numerical measures of a person's cognitive abilities relative to others, often derived from standardized tests.

Working Memory

Describes the brain's ability to store and manipulate information over short periods, crucial for decision-making and behavior.

Rehearsal

A mnemonic strategy that involves systematically repeating information to retain it in working memory.

Impoverished Children's IQ

The phenomenon suggesting that children raised in poverty may, on average, score lower on intelligence quotient (IQ) tests, potentially due to environmental factors and lack of access to resources.