The Exact Change in Equilibrium Output Due to a Shift

question 31

Multiple Choice

The exact change in equilibrium output due to a shift in short-run aggregate demand depends on:

• A)the amount of tax imposed
• B)the steepness of the aggregate supply curve.
• C)the steepness of the aggregate demand curve
• D)the gap between the supply curve and the demand curve.
• E)the consumption pattern in the economy.

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Definitions:

Forty Acres and a Mule

A post-Civil War promise made to African Americans to provide them with farmland and a mule to jump-start their new lives, which was largely unfulfilled.

Black Southern University

Historically black universities located in the Southern United States, established primarily to educate African-American students during segregation.

Freedmen's Bureau

An agency established by the U.S. government in 1865 to aid freed slaves in the South during the Reconstruction era, offering food, housing, education, and legal assistance.

Howard University

A prestigious historically black university located in Washington, D.C., known for its diverse programs and significant contributions to African-American education.