Multiple Choice
In the Keynesian model,the difference between no intervention by the government during a recession and intervention using expansionary monetary or fiscal policy is that no intervention will return the economy to its equilibrium level of output
A) faster than intervention will and at a lower price level.
B) slower than intervention will and at a higher price level.
C) slower than intervention will and at a lower price level.
D) faster than intervention will and at a higher price level.
Correct Answer:

Verified
Correct Answer:
Verified
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