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According to Keynes, the Policy of Incurring Budget Surpluses Will

Question 9

Multiple Choice

According to Keynes, the policy of incurring budget surpluses will cause the equilibrium price level to fall.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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