-Refer to Exhibit 10-2

question 27

Multiple Choice

-Refer to Exhibit 10-2.If autonomous consumption increases,the TE curve will shift ____________ and the new level of equilibrium Real GDP will be ___________ than $4,500.

• A) downward; greater
• B) downward; less
• C) upward; less
• D) upward; greater

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Definitions:

Partially Disclosed Principal

A situation in an agency relationship where the third party knows of the agent's existence but not the identity of the principal.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, when such acts occur within the scope of employment or agency.

Power Will Terminate

The condition under which an entity's or individual's authority or ability to make decisions will come to an end.

False Claims

Assertions or statements made that are not true, which can pertain to products, services, or legal testimony.