Refer to the Information Provided in Table 9

question 164

Multiple Choice

Refer to the information provided in Table 9.3 below to answer the questions that follow.
Table 9.3
All Numbers are in $ Million

-Refer to Table 9.3.Suppose the economy is in equilibrium and the government increases spending by $50 million,the new equilibrium output is $________ million

• A)1,350
• B)1,450
• C)1,650
• D)1,750

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Definitions:

Consistency

The quality of always behaving or performing in a similar way, or producing the same results, thereby allowing for reliability or dependability.

Cognitive Dissonance

A psychological phenomenon where a person experiences discomfort or distress from holding two or more conflicting beliefs, values, or attitudes.

Credibility

The characteristic of being deemed reliable and credible.

Establishing Credibility

The process of making oneself or one's statements believable or trustworthy.