-Refer to Exhibit 10-2

question 27

Multiple Choice

-Refer to Exhibit 10-2.If autonomous consumption increases,the TE curve will shift ____________ and the new level of equilibrium Real GDP will be ___________ than $4,500.

• A) downward; greater
• B) downward; less
• C) upward; less
• D) upward; greater

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Definitions:

U.S. Citizenship

The status of being a legally recognized citizen of the United States, entitled to rights, privileges, and responsibilities under U.S. law.

IP Theft

Intellectual Property Theft refers to the unauthorized use or appropriation of someone else's intellectual property, including patents, copyrights, trademarks, and trade secrets.

$225 Billion

A financial figure indicating a specific market value, revenue, or other financial measurement, context-dependent.

W-4

A form used in the United States for income tax withholding purposes, allowing employers to withhold the correct federal income tax from an employee's pay.