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Which Statement(s) Is/are TRUE About Keynes's Simple Model of the Economy

Question 168

Multiple Choice

Which statement(s) is/are TRUE about Keynes's simple model of the economy? I. The aggregate price level is fixed.
II) All savings are considered to be personal savings.
III) There is considerable slack in the economy.


A) I only
B) II only
C) III only
D) I, II, and III

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