If Short-Run Equilibrium Output Equals 10,000, the Income-Expenditure Multiplier Equals

question 71

Multiple Choice

If short-run equilibrium output equals 10,000, the income-expenditure multiplier equals 5, the mpc equals 0.8, and potential output (Y*) equals 9,000, then transfers must be ________ by approximately ________ to eliminate any output gap.

• A)decreased; 250
• B)decreased; 200
• C)increased; 250
• D)increased; 200

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Definitions:

SYMLOG

SYMLOG (System for the Multiple Level Observation of Groups) is a framework and methodology for observing and analyzing the behavior of individuals within a group, focusing on dimensions of dominance/submission, friendliness/hostility, and instrumentality/expressiveness.

Structured Observational

A method of research involving the systematic observation and documentation of behaviors within controlled or semi-controlled conditions.

Sociogram

A visual diagram representing the social links or relationships within a group.

Sociometric Stars

Individuals within a group who are highly popular or well-liked, often identified through sociometric analysis.