Multiple Choice
The short-run refers to a period
A) of a few days.
B) when prices and wages cannot fully adjust.
C) of a few years.
D) during which trend cannot change.
E) of analysis used in the classical model
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Which of the following are equilibrium conditions
Q20: Keynes believed that the instability in income
Q21: An increase in the interest rate<br>A)reduces planned
Q22: In the simple Keynesian model,equilibrium exists when<br>A)actual
Q23: In the equation Y = (1/1 -
Q25: In the simple Keynesian model (no money
Q26: Income has risen in the simple Keynesian
Q27: In the Keynesian model,exogenous variables include<br>A)planned investment.<br>B)taxes.<br>C)planned
Q28: Total planned expenditure is composed as<br>A)planned investment.<br>B)planned
Q29: Compared to the closed economy Keynesian model,the