Consider the Simplest Macro Model with Demand-Determined Output,where AE =

question 133

Multiple Choice

Consider the simplest macro model with demand-determined output,where AE = C + I.Suppose that actual national income is $900 billion and desired consumption plus desired investment is $920 billion.We can expect that

• A)firms will see an increase in inventories,and they will respond by decreasing output,thereby decreasing actual national income.
• B)firms will decrease autonomous investment by $20 billion until equilibrium national income is reached at $900 billion.
• C)firms will increase autonomous investment by $20 billion until equilibrium national income is reached at $920 billion.
• D)firms will see a decrease in inventories,and they will respond by increasing output,thereby increasing actual national income.
• E)actual national income will decrease until equilibrium national income is reached at $900 billion.

Understand the relationship between demand elasticity and total revenue for firms.

Understand the processes involved in bone growth and ossification.

Identify the role of hormones in bone growth and development.

Differentiate between types of ossification.

---

Definitions:

Monks

Religious men who live in a community or alone, dedicating their lives to religious practice.

Tympanum

The semi-circular or triangular decorative wall surface over an entrance, bounded by a lintel and arch, often carved with sculpture in Romanesque and Gothic architecture.

Christ's Second Coming

A Christian belief in the future return of Jesus Christ to Earth, marking the final judgment and the fulfillment of divine prophecy.

Architectural Element

A fundamental component or feature used in the design and construction of buildings, such as columns, beams, arches, and roofs.