This means fewer job opportunities lower wages and lower profits Diff 2 Page

This means fewer job opportunities lower wages and

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saying that GDP will decline and the economy will enter into a recession. Thismeans fewer job opportunities, lower wages, and lower profits.Diff: 2Page Ref: 752-753/346-347Topic: Determining the Level of Aggregate ExpenditureLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Reflective ThinkingMULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 35) Which is the largest component of aggregate expenditure? 35)Diff: 1Page Ref: 753/347Topic: Determining the Level of Aggregate ExpenditureLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking 36) Which of the following will cause a direct increase in consumption spending? 36)Diff: 1Page Ref: 754/348Topic: ConsumptionLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking 37) The five most important variables that determine the level of consumption are 37)Diff: 2Page Ref: 753/347Topic: ConsumptionLearning Outcome: Macro 3: Identify and interpret key macroeconomic measuresAACSB: Reflective Thinking 38) ________ in taxes will decrease consumption spending, and ________ in transfer payments willincrease consumption spending. A) An increase; a decreaseB) A decrease; a decreaseC) A decrease; an increaseD) An increase; an increaseAnswer: C38)Diff: 1Page Ref: 754/348Topic: Consumption Learning Outcome: Macro 2: Explain the relationship between expenditure and income AACSB: Reflective Thinking 9
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  • Spring '11
  • Lee
  • Economics, Prime number, AACSB, Page Ref, Green Line, Reflective thinking

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