According to the Keynesian-Cross Analysis, When There Is a Shift $\Delta$

question 124

Multiple Choice

According to the Keynesian-cross analysis, when there is a shift upward in the government-purchases schedule by an amount $\Delta$ G and the planned expenditure schedule by an equal amount, then equilibrium income rises by:

• A) one unit.
• B) \(\Delta\)G.
• C) \(\Delta\)G divided by the quantity one minus the marginal propensity to consume.
• D) \(\Delta\)G multiplied by the quantity one plus the marginal propensity to consume.

Recognize various tools and methods used in evaluating and setting up effective treatment groups.

Understand the utility function and how it determines consumer behavior on the planet Homogenia and planet Hyperion.

Calculate and interpret the Laspeyres price index in the context of changing prices and consumption patterns.

Assess the Paasche price index for evaluating the change in price levels over time.

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