When Income Increases,aggregate Expenditure Will Rise by

question 108

Multiple Choice

When income increases,aggregate expenditure will rise by

• A) the change in GDP
• B) the change in GDP minus the MPC
• C) the change in GDP times the MPC
• D) the MPC
• E) the change in GDP divided by the MPC

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Definitions:

Communist Government

A form of government where the state owns and controls the major means of production and there is no private property, aiming to achieve a classless society.

Yugoslavia

A country in Southeast Europe that existed from the end of World War I until it broke up into several independent countries in the 1990s due to a series of conflicts.

Disintegration of Empires

The process by which large empires break apart into smaller political entities, often due to internal conflicts, wars, economic problems, or the push for national independence by different ethnic or cultural groups.

Instability

A situation characterized by a lack of stability, predictability, or consistency, often leading to chaos or disorder in social, economic, or political contexts.