If Net Exports Decrease by 250 and the Mpc Is

question 29

Multiple Choice

If net exports decrease by 250 and the mpc is 0.75,equilibrium aggregate output

• A)increases by 1,000.
• B)increases by 750.
• C)decreases by 750.
• D)decreases by 1,000.

Recognize the structure and implications of existential and universal quantifications in categorical statements.

Analyze and symbolize statements that express relationships between categories using logical connectors.

Identify different types of logical statements in formal logic.

Symbolize complex statements in formal language.

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Definitions:

Marginal Analysis

An evaluation method that weighs the benefits of an additional unit of consumption or production against the cost to understand decision-making processes.

Opportunity Cost

The worth of the most favorable option given up when a choice is made.

Taco

A traditional Mexican dish consisting of a small hand-sized tortilla topped with a filling.

Burrito

A Mexican-inspired dish consisting of a large wheat flour tortilla wrapped or folded around a filling that typically includes meat, beans, rice, cheese, and vegetables.