The More Nearly Horizontal the Aggregate Supply Curve,the

question 3

Multiple Choice

The more nearly horizontal the aggregate supply curve,the

• A)greater the change in Real GDP for a given change in autonomous spending.
• B)smaller the change in Real GDP for a given change in autonomous spending.
• C)larger the multiplier.
• D)smaller the multiplier.
• E)a and c

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Definitions:

Highly Educated

Referring to individuals who have obtained a high level of formal education, often including college degrees or beyond.

Stepfamily Households

consist of family units formed by the marriage or partnership of individuals, at least one of whom has children from a previous relationship.

Nuclear Families

A family group consisting of parents and their children, considered as a basic social unit.

Stepparents

Individuals who are married to a parent but are not the biological parent of the parent's child or children.