In the Keynesian Model, a $5 Billion Decrease in Autonomous

question 104

Multiple Choice

In the Keynesian model, a $5 billion decrease in autonomous planned investment leads to ________ in short-run equilibrium output.

• A)a $5 billion increase
• B)a greater than $5 billion decrease
• C)no change.
• D)a $5 billion decrease

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Definitions:

Domesticated

In legal terms, this involves the process by which a foreign judgment or legal decision is recognized and can be enforced within the jurisdiction of another country or state.

Lapses

Occurrences where something becomes invalid because a condition has not been met or time has expired, often used in insurance for policy expirations.

Default

The failure to fulfill a legal obligation, especially the failure to pay back a loan on time or to appear in court when required.

U.S. Department of Education

A Cabinet-level department of the United States government that oversees federal education policy and administers federal assistance to schools and students.