In a Certain Economy, the Components of Aggregate Spending Are

question 100

Multiple Choice

In a certain economy, the components of aggregate spending are given by: C = 60 + 0.6(Y - T) - 1,000r
I = 200 - 1,000r
G = 200
NX = 50
T = 100
Given the information about the economy above, the immediate impact on aggregate expenditures of a one-percentage-point increase in the real interest rate (r) from 5 percent to 6 percent is ___, and the eventual impact on short-run equilibrium output is ______.

• A) an increase by 800 units; a decrease by 2,000 units.
• B) an increase by 50 units; a decrease by 135 units.
• C) a decrease by 20 units, a decrease by 50 units.
• D) a decrease by 50 units, a decrease by 50 units.

Identify and apply the correct formats for various types of business communications, including requests for information, routine claims, and adjustment messages.

Recognize the value of clear, concise, and effective communication in maintaining and enhancing business relationships.

Distinguish between inductive and deductive message structures and their appropriate use in business contexts.

Analyze the components and effectiveness of routine business requests and responses.

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Definitions:

Psychological Dimensions

Aspects or factors that are used to describe and differentiate between individuals' psychological states and traits.

Sound Wave

A longitudinal wave consisting of compressions and rarefactions, which travels through a medium such as air or water and can be heard when they reach a person's or animal's ear.

Visual Cortex

The part of the cerebral cortex that processes visual information, located in the back of the brain.

Thalamus

A part of the brain that acts as a relay station, transmitting information between different areas of the brain.