The Following Information Is for a Closed Economy

question 83

Multiple Choice

The following information is for a closed economy:

-Refer to the above information.If in addition to spending $80 billion at each level of GDP,government imposes a lump-sum tax of $100:

• A) equilibrium GDP will now be $350.
• B) equilibrium GDP will now be $400.
• C) equilibrium GDP will now be $300.
• D) the equilibrium GDP cannot be determined.

Understand how social psychology explains attraction and changes in perception under specific conditions.

Understand different stages of moral development and be able to identify characteristics of each stage.

Recognize and describe various ethical decision-making approaches.

Identify and explain the importance of corporate cultures and how they are influenced by shared beliefs or principles.

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Definitions:

Employment-at-Will Doctrine

A legal doctrine that defines an employment relationship in which either party can break the relationship with no liability, provided there is no express contract for a definite term governing the employment relationship.

Polygraph Test

A lie detector test that measures physiological responses such as blood pressure, pulse, and respiration to determine the truthfulness of an individual's answers.

Title VII

Refers to a provision in the Civil Rights Act of 1964 that bans discrimination in employment based on an individual's race, color, religion, sex, or national origin.

Civil Rights Act of 1964

Landmark legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.