If the MPC in an Economy Is

question 113

Multiple Choice

If the MPC in an economy is .8, government could shift the aggregate demand curve rightward by $100 billion at each price level by:

• A)increasing government spending by $25 billion.
• B)increasing government spending by $80 billion.
• C)decreasing taxes by $25 billion.
• D)decreasing taxes by $100 billion.

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Definitions:

Slum Dwelling

Refers to housing areas that are often densely populated, with poor living conditions, inadequate infrastructure, and lacking in proper sanitation and safe water.

Domestication

An evolutionary process whereby humans modify, intentionally or unintentionally, the genetic makeup of a population of wild plants or animals, sometimes to the extent that members of the population are unable to survive and/or reproduce without human assistance.

World Trade Networks

A global system of economic and commercial connections facilitated through the exchange of goods, services, and information across different countries and cultures.

Multiculturalism

The presence of, or support for the presence of, several distinct cultural or ethnic groups within a society.