According to the Spending Balance Model, a Change in Spending

question 146

True/False

According to the spending balance model, a change in spending causes a change in income, which causes further changes in spending and income.

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Definitions:

U.S. Dollars

The official currency of the United States, used as a standard monetary unit for international transactions and reserves.

Ad Valorem Duty

A type of tax calculated based on the value of the goods, services, or property.

German Firm

A business or company that is registered, headquartered, or primarily operates within Germany.

U.S. Firm

A company or business that is registered and operates in the United States of America.