Multiple Choice
In the Keynesian model with a fixed money wage but a flexible price level,an increase in taxes will lower
A) output and the price level,but leave the interest rate unchanged.
B) output,the price level and the interest rate.
C) output and the interest rate,but leave the price level unchanged.
D) output and the price level,but increase the interest rate.
E) the price level and the interest rate,but leave output unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: According to Keynes' fixed money wage theory,when
Q32: An increase in the expected price level
Q33: Which of the following statements is correct?<br>A)The
Q34: What happened to the price level,money wages,real
Q35: According to the Keynesians,labor contracts<br>A)are unimportant for
Q37: An increase in the expected price level
Q38: All of the following will shift the
Q39: According to Keynes,money wages<br>A)would adjust in the
Q40: The Keynesian aggregate demand curve slopes downward
Q41: The classical model differs from the Keynesian