Use the Following Situation to Answer the Question : Situation

question 11

Multiple Choice

Use the following Situation to answer the question : situation 20-2 Assume a closed economy. Suppose that autonomous consumption equals $400, planned investment equals $500, government expenditure equals $200, net taxes equals $50, and the mpc equals 0.9.

-Using the information in situation 20-2,if government spending increases by $100,then the equilibrium aggregate output will change by

• A)-$1,000.
• B)-$100.
• C)$100.
• D)$1,000.

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Definitions:

Private Self

The aspect of a person's self-concept that includes thoughts, feelings, and desires not expressed or visible to others.

External Reality

The physical world outside of oneself that can be observed and interacted with by an individual.

Many-trait Approach

A method in personality psychology focusing on the relationship between a wide range of personality traits and behaviors or outcomes.

Essential-trait Approach

A theory in psychology that identifies a small number of key personality traits that can describe and predict individual behavior.