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The only way that Britney can get her husband to stop leaving his dirty socks on the kitchen table is to pinch him every time he does it. Britney’s aggressive behavior is perpetuated through the idea of

Year Quantity of Burritos Quantity of Tacos Price of a Burrito Price of a Taco 2022 (base) 425 burritos 760 tacos $6.00 $2.50 2023 440 burritos 780 tacos $6.50 $2.70 2024 485 burritos 800 tacos $7.00 $2.80 Refer to the table above. Suppose that burritos and tacos are the only two final goods produced in this economy. The value of Nominal GDP in 2024 is _____.

Refer to the graph above. The value of autonomous spending is _____. The value of induced spending is ____.

Which of the following would NOT reduce the size of a recessionary gap?

Suppose that the U.S. economy is initially in Long Run Macroeconomic Equilibrium. A depreciation of the U.S. Dollar (meaning, a decrease in the U.S. Dollar exchange rate) will lead U.S. real GDP to ____ in the short-run, and U.S. real GDP to ____ in the long run.  

Suppose that the U.S. economy is initially in Long Run Macroeconomic Equilibrium. A reduction in households’ expected future income will lead the U.S. ____ curve to shift and create a(n) ____ in the short run. 

According to the Multiplier Effect, a $45 billion increase in autonomous spending leads to _____ in equilibrium aggregate expenditure and real GDP.

Year Quantity of Burritos Quantity of Tacos Price of a Burrito Price of a Taco 2022 (base) 425 burritos 760 tacos $6.00 $2.50 2023 440 burritos 780 tacos $6.50 $2.70 2024 485 burritos 800 tacos $7.00 $2.80 Refer to the table above. Suppose that burritos and tacos are the only two final goods produced in this economy. The value of Real GDP in 2024 is _____.

Emma does not have a paid job. She wants a job but has not taken any steps to find one in the past two months. Emma is classified as ____.

Disposable Income Consumer Spending Saving $10,000 $16,000 -$6,000 $20,000 $24,000 -$4,000 $30,000 $32,000 -$2,000 $40,000 $40,000 $0 $50,000 $48,000 $2,000 Refer to the table above. The marginal propensity to save is ____.