Multiple Choice
In the Keynesian model with a variable money wage and variable price level,an increase in the money supply lead to a rise in all of the following except
A) price level.
B) output.
C) real wage.
D) level of employment.
E) all of these rise
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q16: If business cycles are caused by changes
Q17: In the case of an increase in
Q18: Suppose the government want to increase aggregate
Q19: The classical labor supply function is shown
Q20: In the face of an increase in
Q22: An increase in price expectations in the
Q23: Assuming that as a result of observed
Q24: According to Keynesian theory,the profit-maximizing firm demands
Q25: The Keynesian model differs from the classical
Q26: If interest rates,prices,and output are all rising,then