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:

Mental Health

A state of well-being in which an individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to their community.

Depression

A psychological condition marked by a consistently low mood or a lack of enthusiasm for activities, significantly disrupting everyday functioning.

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, significantly affecting daily functioning.

Geographic Closeness

Refers to the physical proximity between places or people, affecting the ease of travel, communication, and relationship maintenance.