Multiple Choice
If business cycles are caused by changes in aggregate demand,you would expect to see
A) prices and unemployment moving in the same direction.
B) price and unemployment moving in opposite directions.
C) prices not moving with unemployment.
D) unemployment is not included in the Keynesian model.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Which of the following variables will shift
Q12: If the Keynesian model is correct,what should
Q13: In addition to consumption being a function
Q14: The difference between the Keynesian and classical
Q15: Why is the IS-LM model a model
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
Q21: In the Keynesian model with a variable