ACTIVIDAD 1 , UNIDAD 3.1 .

1. a) Full employment with stable prices did not occur until government spending decreased.

Evento 1 : government spending decreased

Evento 2: employment with stable prices did not occur
Tenemos duda si es hasta occur hasta prices

2 . a) Before the devaluation was announced, the president left the country
Evento 1:the president left the country
Evento 2 : the devaluation was announced

3 a) Sometime after excess demand drove prices upwards, inflation reached 11%.
Evento 1 : excess demand drove prices upwards
Evento 2: inflation reached 11%

4. a) The Keynesian schedule of aggregate consumer spending begins with rising incomes. Then, as
incomes rise, so does consumption but savings rise, too. In conclusion, as income rises, the
percentage of income spent on consumption declines.

Evento 1(Yo): rising incomes

Evento 2: so does consumption but savings rise

Yo: the percentage of income spent on consumption declines

Evento 3: the percentage of income spent on consumption declines

Yo: savings rise

5 After wages had drastically fallen, the capitalists demanded higher productivity.

Evento 1 :wages had drastically fallen