Multiple Choice
Equilibrium in the full Keynesian model requires that
A) all injections (I + G + X) must equal all withdrawals (S + T + M) .
B) income exceed expenditures.
C) expenditures exceed income.
D) the government budget be balanced.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q231: Aggregate expenditures are equal to<br>A) the total
Q232: Keynes believed that the economy is self-correcting.
Q233: The inflationary gap is the amount of
Q234: If disposable income increases from $250 to
Q235: Exports are injections and imports are withdrawals
Q237: Because the private and foreign sectors of
Q238: If the amount of spending in an
Q239: The larger a country's marginal propensity to
Q240: Which of these would NOT shift the
Q241: John Maynard Keynes advised U.S. President Franklin