Question: 1. 8. Match each concept in Column A with a definition or example in Column B. Column A a. mult I Column B 1. Peak

1. 8. Match each concept in Column A with a definition or example in Column B.

Column A

a. mult ĪI Column B 1. Peak 2.

b. an injection

c. an assumption evident in the equation AE = C+II

d. okun’s “law”

an inverse relationship between unemployment and rapid GdP growth 3. households save more when income rises 4. I− II 5. The proportion of an additional e.

Classical about saving assumption

f. unintended investment g. The turning point from a business cycle expansion to contraction h. mpc i. The intercept of the AE curve j. A Keynesian assumption about saving dollar that households spend on consumption 6. C + ĪI 7. The amount that equilibrium GdP rises when autonomous investment rises 8. households save more when the interest rate rises 9. No government sector 10. Intended investment

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