In the Basic Keynesian Model,a $1 Billion Increase in Autonomous

question 196

Multiple Choice

In the basic Keynesian model,a $1 billion increase in autonomous consumption leads to ________ in short-run equilibrium output.

• A) a $1billion increase
• B) an increase of more than $1 billion
• C) no change
• D) a $1 billion decrease
• E) a decrease of more than $1 billion

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Definitions:

Energy Expended

The amount of energy used or consumed in the completion of an action or process.

Daily Diet

The totality of food and drink consumed by an individual on a day-to-day basis.

Gluten

A mixture of proteins, mainly gliadin and glutenin, found in wheat and related grains, which gives dough its elasticity.

Celiac Disease

An autoimmune disorder where the ingestion of gluten leads to damage in the small intestine, impairing nutrient absorption.