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Its all about Macroeconomics fFor an equilibrium condition to occur in the goods market, 0 A. consumption must equal investment. 0 B. output must equal

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Its all about Macroeconomics

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\fFor an equilibrium condition to occur in the goods market, 0 A. consumption must equal investment. 0 B. output must equal consumption and investment. 0 C. output must equal consumption, investment, govemment spending, and net exports. O D. consumption must equai investment and government spending. When government spending increases by $100I equilibrium output in the short n.|n is expected to @ A. decrease by less than $100. 0 B. increase by more than $100. 0 C. increase by exactly $100. 0 D. increase by less than $100. A government's use of scal policy to promote a desirable level or growth rate of output is Q) A. relatively easy to accomplish provided there is political consensus. O B. complicated by a variety of factors. 0 C. only legally possible if all other tools have been exhausted. O D. usually only done during election years. Income is a variable, and nancial wealth is a variable. 0 A. ow; stock. 0 B. stock; stock 0 C. ow; flow. (9 D. stock; flow. The term invesbnent' as used by economists, refers to the O A. purchase of bonds and shares of stock. 0 B. accumulation of inventories by rms when production exceeds sales. O 0. purchase of new plants and equipment by rms and the purchase of new houses by households. O D. purchase of new houses by households only

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