Solved

According to Keynesian Economics, If There Are Unutilized Resources in the Economy

Question 65

Multiple Choice

According to Keynesian economics, if there are unutilized resources in the economy and aggregate demand increases


A) real GDP will rise and price level will remain constant.
B) real GDP will fall and price level will remain constant.
C) real GDP will rise and price level will rise.
D) real GDP will rise and price level will fall.

Correct Answer:

verifed

Verified

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

Related Questions

Q60: The concept of Say's law can be

Q61: An individual who is suffering from money

Q62: When the value of the dollar increases,

Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q64: The full-employment rate of output can<br>A) be

Q66: Refer to the above figure. Which of

Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -The above figure

Q68: All of the following will shift the

Q69: The horizontal portion of the short-run aggregate

Q70: Suppose we observe the price level increasing