Solved

In the Keynesian Model, If Total Spending by Households, Businesses

Question 10

Multiple Choice

In the Keynesian model, if total spending by households, businesses, government units and foreign buyers is greater than the total output produced in the economy, then:


A) total output will increase.
B) total spending will decrease.
C) total output will increase and total spending will decrease.
D) any of the above could happen.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: Which of the following is an assumption

Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9874/.jpg" alt=" -The economy is

Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9874/.jpg" alt=" -Total planned spending

Q8: The use of fiscal policy to influence

Q9: Contemporary economists who hold that government intervention

Q11: Fewer teenagers in the labor force would

Q12: The four components of model building are:<br>A)

Q13: The main conclusion of Keynesian economics is:<br>A)

Q14: Which of the following arguments was NOT

Q15: The position that wage and price flexibility