Answer:
(a) 0.7
(b) 3.33
(c) -$210
(d) -$147
(e) -$1 trillion
Explanation:
(a) Marginal propensity to consume (MPC) = 0.7
(b) Multiplier of this economy:
= 3.33
(c) Decrease government purchases by $300 billion,
Initial change in consumption = Change in government purchases × MPC
= $300 × 0.7
= -$210 billion
(d) This decreases income yet again, causing a second change in consumption equal to:
= Initial change in consumption × MPC
= -$210 × 0.7
= -$147 billion
(e) The total change in demand resulting from the initial change in government spending is:
= Change in government purchases × Multiplier
= $300 × 3.33
= -$1 trillion
Birthrate is the number of births while deaerate is the number of deaths
This example best illustrates the impact of top-down processing which is defined as pattern recognition advancement through the use of contextual information.
Top-down processing entails the brain's sending down stored information to the sensory system as it receives information from the stimulus, allowing a plausible hypothesis to be formed without analyzing every feature of the stimulus. Thus, top-down processing involves combining contextual information from things we already know or have experienced with our senses to perceive new information.
Top-down processing is beneficial because it simplifies how we comprehend our sensory perceptions. Our surroundings are hectic, and we are constantly perceiving multiple things. Top-down processing allows us to shorten the cognitive path that connects our perceptions to their meaning.
Learn more top-down processing here:
brainly.com/question/5641438
#SPJ4
1. Vulnerability, The willingness to show up and be seen, despite uncertain outcomes.
2. Trust, the courage to trust others and the integrity to be worthy of trust from others. Some examples are (Boundaries, reliability, accountability, vault, none judgement, and generosity)
- I hope this helps! Make me brainliest
