Figure 34-10 -Refer to Figure 34-10.Suppose the Multiplier Is 2 and There

question 57

Short Answer

Figure 34-10
-Refer to Figure 34-10.Suppose the multiplier is 2 and there is no crowding-out,but there is an accelerator effect.If the economy is currently at point A,then an increase in government purchases of $10 will likely increase aggregate demand to point ----- where output is $-----.

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Definitions:

IUPAC

The International Union of Pure and Applied Chemistry, an organization responsible for standardizing chemical nomenclature.

Isopropyl

A hydrocarbon group or radical with the molecular formula C3H7, derived from propane by the removal of one hydrogen atom from the middle carbon.

Pent-2-ene

An unsaturated hydrocarbon with a double bond between the second and third carbon atoms in a five-carbon chain.

Oxetane

A four-membered cyclic ether characterized by an oxygen atom bonded to three carbon atoms.