An Increase in Government Spending on Goods to Build or Repair

question 65

Multiple Choice

An increase in government spending on goods to build or repair infrastructure

• A)shifts the aggregate demand curve to the right.
• B)has a multiplier effect.
• C)shifts the aggregate supply curve to the right,but this effect is likely more important in the long run.
• D)All of the above are correct.

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Definitions:

Acquire New Knowledge

The process of learning or gaining new information, skills, or understanding.

Draw Conclusions

The cognitive process of synthesizing information from given facts or evidence to infer or arrive at a reasoned judgment.

Heritability Ratio

A statistic used in genetics to estimate the proportion of observed variation in a particular trait among individuals of a population that is due to genetic differences.

Phenotypic Variance

The variation in physical and physiological traits among individuals in a population, which is due to genetic and environmental influences.