Other Things Being Equal,a Higher Marginal Propensity to Spend Will

question 74

Multiple Choice

Other things being equal,a higher marginal propensity to spend will lead to a ________ AD curve.

• A)flatter
• B)steeper
• C)rightward shift of the
• D)leftward shift of the

Recognize and classify logical fallacies in syllogisms.

Know how to formalize propositions and arguments into standard form.

Distinguish between pure hypothetical, modus ponens, modus tollens, and invalid syllogisms.

Identify missing premises or conclusions in hypothetical syllogisms.

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Definitions:

Deficit

The amount by which government spending exceeds its revenue over a specified period, leading to borrowing or budget shortfalls.

Unilateral Transfer

A one-way transaction where a country provides resources, goods, or money to another country without expecting anything in return.

Foreign Aid

An international transfer made on especially favorable terms for the purpose of promoting economic development.

Domestic Charities

Organizations within a country that are established for philanthropic reasons, focusing on local or national issues and causes.