Answer:
Increasing government spending by $60 billion while raising taxes $60 billion
Explanation:
If we do the multiplicator of Government spending which is equal to = 1/MPS
And MPS (marginal propensity to save) = 1 - MPC (marginal propensity to consume)
But MPC = 0.75
Hence multiplicator of Government spending = 1/(1-0.75) = 4
If we look for the multiplicator of taxes = -MPC/MPS
But MPS = 1 - MPC
= -MPC/(1-MPC)
= -0.75/0.25 = -3
Hence if government spending is increased by $60 billion, GDP will be increased by 60 x 4 = $240 billion
Also if taxes are increased by the same amount, GDP will decrease by 60x3 = $180 billion
Hence this means that GDP will increase by 60 billion dollars, as the difference between the both is 240 - 180 = 60 billion dollars
Explanation:
In agrarian societies, the primary means of subsistence is the cultivation of crops through a combination of human and non-human means, such as animals and/or machinery. In industrial societies, the primary means of subsistence is industry, which is a system of production based
Answer:
d. articulate the nature of relationships among phenomena.
Explanation:
The power of theories lies
A theory is the abstract generalization which systematically explains relationships of the phenomena, but does not prove these relationships conclusively . Schematic models (or conceptual maps) are graphic representations of the phenomena and the interrelationships using the diagrams and symbols and with the minimal use of words . Grand theories describes the large segments of the human experience , but this is not true of all theories .
Answer: Misinformation effect
Explanation: Misinformation effect is a phenomenon where a person's memory is interfered with due to a post event information given. When an individual gives an erroneously or less accurate narration of an even that unfolded before him or her, that is called misinformation effect. Yancy's memory couldn't recall whether the robber was an adult or a teenager, Yancy's erroneous post event information narration best illustrates misinformation effect.