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According to Keynes, the Policy of Incurring Budget Deficits Will

Question 4

Multiple Choice

According to Keynes, the policy of incurring budget deficits will cause the equilibrium price level to rise.What is the corresponding effect on equilibrium output?  


A)  It rises. 
B)  It falls. 
C)  It remains the same. 
D)  It first rises, and then falls.

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