Everything Else Held Constant,an Increase in Government Spending Will Cause

question 24

Multiple Choice

Everything else held constant,an increase in government spending will cause

• A)aggregate demand to increase.
• B)aggregate demand to decrease.
• C)the quantity of aggregate demand to increase.
• D)the quantity of aggregate demand to decrease.

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Definitions:

Total Utility

The overall satisfaction or value a consumer receives from consuming a given quantity of a good or service.

Marginal Utility

The supplementary enjoyment or value a consumer experiences from the purchase of an additional unit of a product or service.

Marginal Utility

The extra value or benefit derived from the use of one more unit of a product or service.

Additional Slice

Generally refers to an extra portion or piece of something, often used metaphorically to describe an additional amount or increment of a resource or benefit.