10. complete blanks. P (1)=Nominal Wealth (S, fixed) Price Level (P) ()=c()=AD( ) 11. What is the significance of the diagram in #10. 12. In considering the current economic condition, the Biden administration may want to ( increase decrease ) government spending. Select the correct one and briefly explain why. 13. When disposable income changes from 1100 to 1000, saving changes from 160 to 120. What is MPC?

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