If the Government Increases Its Purchases of Goods and Services

question 120

Multiple Choice

If the government increases its purchases of goods and services by $3,000 and the MPC is 0.8, GDP and income will eventually increase by

• A) $2,400.
• B) $6,000.
• C) $15,000.
• D) $24,000.

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Definitions:

NLRA

stands for the National Labor Relations Act, a foundational U.S. law enacted in 1935 that protects the rights of employees to organize, bargain collectively, and engage in collective labor activities.

Productivity Improvement

Strategies or activities aimed at increasing the efficiency and effectiveness of a production process or workforce to yield higher outputs.

Quality Improvement

A systematic approach to making changes in processes, systems, or services to enhance their effectiveness, efficiency, or safety, often based on specific methodologies like Lean or Six Sigma.

Group Meetings

Gatherings of individuals or teams, usually within a work or organizational context, meant to discuss issues, make decisions, or provide information and updates.