Multiple Choice
The Keynesian assumptions of the macroeconomy include each of the following except
A) wages and prices can be "sticky" or "fixed."
B) expectations are volatile and can take many forms.
C) the labor market is always in equilibrium with full employment.
D) shocks to aggregate demand will change the composition and the level of GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Q81: The Classical assumptions of the macroeconomy include
Q82: Government transfer payments show up in the
Q83: In the United States today, investment spending
Q84: If C<sub>0</sub> is $1 trillion, C<sub>y</sub> is
Q85: In the National Income and Product Accounts,
Q87: The labor market will be in equilibrium<br>A)
Q88: The Keynesian assumptions of the macroeconomy include
Q89: The real foreign exchange rate depends on
Q90: One of the reasons that investment spending
Q91: In the United States today, consumption spending<br>A)