Exhibit 20A-3 Macro AD/AS Model

question 2

Multiple Choice

Exhibit 20A-3 Macro AD/AS Model

-As shown in Exhibit 20A-3,assume the marginal propensity to consume MPC equals 0.80.Using discretionary fiscal policy,federal government spending should be ____ in order to restore the economy from E₁ to full employment.

• A) increased by $2 trillion
• B) decreased by $2 trillion
• C) decreased by $.40 trillion
• D) increased by $.40 trillion
• E) increased by $.80 trillion

Interpret age pyramids and understand their significance in demography and policy making.

Identify and critique forms of ableism present in architecture, urban planning, and social attitudes.

Understand different perspectives on disability, including disability as difference rather than deviance.

Recognize ableism and disability discrimination in social interactions and structures.

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Definitions:

Inventory Carrying Costs

The total cost associated with holding inventory, including warehousing, insurance, depreciation, and opportunity costs.

Straight Salary

A compensation structure where employees are paid a fixed amount of money regularly, regardless of performance.

Commission

A form of payment to an employee or agent, typically a percentage of the value of the goods or services they have sold.

Level of Intangibility

The degree to which a product or service lacks physical substance, impacting how it is marketed and perceived by consumers.