Multiple Choice
According to Keynes,the adoption of an expansionary fiscal policy will cause:
A) both equilibrium price level and equilibrium output to rise.
B) equilibrium price level to rise and equilibrium output to fall.
C) equilibrium price level to fall and equilibrium output to rise.
D) both equilibrium price level and equilibrium output to fall.
E) equilibrium price level to remain the same and equilibrium output to fall.
Correct Answer:

Verified
Correct Answer:
Verified
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