Use the Following Situation to Answer the Question : Situation

question 60

Multiple Choice

Use the following Situation to answer the question : situation 20-1
Assume a closed economy with no government. Suppose that autonomous consumption equals $400, planned investment equals $500, and the mpc equals 0.9.
-Keynes believed that changes in autonomous spending were dominated by changes in

• A)consumer expenditure.
• B)autonomous consumer expenditure.
• C)investment spending.
• D)taxes.
• E)none of the above.

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Definitions:

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes.

Sporophyte

Diploid generation of the alternation-of-generations life cycle of a plant; produces haploid spores that develop into the haploid generation.

Fertilization

The process by which a sperm cell and an egg cell unite, resulting in the formation of a zygote, marking the beginning of a new organism's development.

Sporangia

Structures in fungi, algae, and plants where spores are formed and stored, playing a key role in reproduction and dispersal.