Multiple Choice
In the Keynesian model of the business cycles,
A) unanticipated changes in government expenditures cause output to change by change in real wage.
B) anticipated changes in government expenditures cause output to change by changes in real wage.
C) anticipated changes in money supply cause output to change by changes in real wage.
D) anticipated or unanticipated changes in money supply cause output to change by changes in real wage.
Correct Answer:
Verified
Correct Answer:
Verified
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