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Question 1 10 pts Please match the following words and definitions from Units 3 and 4. marginal propensity to consume [ Choose ] net wealth
Question 1 10 pts Please match the following words and definitions from Units 3 and 4. marginal propensity to consume [ Choose ] net wealth [ Choose ] the simple spending multiplier [ Choose ] nominal wage I Choose ] potential output I Choose ] natural rate of unemployment [ Choose ] short-run equilibrium [ Choose ] expansionary gap [ Choose ] long-run aggregate supply curve [ Choose ] discretionary fiscal policy [ Choose ] contractionary fiscal policy [ Choose ] expansionary fiscal policy [ Choose ] discretionary fiscal policy actions intended to close a recessionary gap deliberate changes to government spending, taxes, and transfer payments intended to balance the economy the amount by which the economy's short-run equilibrium exceeds its potential output. the value of assets minus labilities D Question 2 The unemployment rate at the economy's potential output 1 pts the ratio of a change in raDP demanded to the initial change in spending that brought it about the wage measure in the dollars of the year in question is the reward savers cam for deferring consumption. the change in spending or consumation divided by the change in income that caused it Decrease in government spending, increase in taxns, decrease in transfer payments Interest the economy's maximum sustainable level of output the vertical line at the economy's potential output Ware the price level and rGOP when the aggregate demand curve intersects the short-run aggregage supplyaggregate demand curve
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