Refer to the Information Provided in Figure 13

question 62

Multiple Choice

Refer to the information provided in Figure 13.1 below to answer the questions that follow. Figure 13.1
-Refer to Figure 13.1.An aggregate demand shift from AD1 to AD0 can be caused by

• A)a decrease in government spending.
• B)an increase in money supply.
• C)a decrease in the price level.
• D)an increase in the price level.

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Definitions:

Merit-Based Pay Raise

An increase in salary awarded to employees based on their performance and achievements, rather than seniority or hours worked.

Distributive Justice

The perceived fairness of how resources and rewards are distributed within a group or organization.

Ethical Egoism

The belief that actions are morally right if they benefit the individual making the decision.

Utilitarianism

A moral theory that suggests that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.