An Increase in the Amount of Physical Capital Will Cause

question 234

Multiple Choice

An increase in the amount of physical capital will cause

• A) an increase in both aggregate demand and real GDP, but have no effect on the price level.
• B) aggregate demand and aggregate supply to increase by the same amounts, causing real GDP to increase and the price level to remain constant.
• C) an increase in both aggregate supply and real GDP, but have no effect on the price level.
• D) an increase in both aggregate supply and real GDP and a reduction in the price level.

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Definitions:

Utilitarian

Pertains to the ethical theory that the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.

Macroallocation

Refers to the broad, system-wide distribution of healthcare resources and services, focusing on how resources are allocated across different regions, populations, or types of care.

Altruistic Donation

This is the act of donating an organ or tissue without receiving any financial or material compensation in return.

Presumed Consent

A policy where individuals are presumed willing to donate their organs upon death unless they have explicitly stated otherwise.