In the Keynesian Model, an Increase in Real Autonomous Spending

question 303

Multiple Choice

In the Keynesian model, an increase in real autonomous spending results in a greater increase in real Gross Domestic Product (GDP) if

• A) the marginal propensity to consume (MPC) is lower.
• B) the marginal propensity to consume (MPC) is higher.
• C) the average propensity to save (APS) is higher.
• D) the average propensity to save (APS) is lower.

Understand the importance of diversity management in leveraging a competitive advantage in global markets.

Recognize different barriers to accommodation and how to address them.

Understand the differences between diversity management and employment equity.

Know the fundamental legal and ethical principles guiding employment equity and diversity management, including human rights legislation.

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Definitions:

Sympathetic Nervous System

The division of the autonomic nervous system that mobilizes the body’s resources during stress and emergencies, preparing the body for action.

Parasympathetic Nervous System

is a division of the autonomic nervous system responsible for rest and digest functions, conserving and restoring energy.

Autonomic Nervous System

The part of the nervous system responsible for the control of bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Involuntary Muscles

Muscles that operate automatically without conscious control, such as the heart and muscles in the digestive system.