Multiple Choice
In the classical model, a shift to the right in aggregate demand would result in
A) a permanent increase in unemployment.
B) a permanent increase in real incomes.
C) an increase in the price level.
D) a permanent shift past full employment.
Correct Answer:
Verified
Correct Answer:
Verified
Q338: According to the classical model, desired saving
Q339: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -The three curves
Q340: In the above figure, the economy would
Q341: If the economy is near full capacity,
Q342: Keynes and his followers believed that<br>A) capitalism
Q344: Which of the following is a TRUE
Q345: Which of the following is NOT an
Q346: A decrease in aggregate demand will cause<br>A)
Q347: The simple Keynesian model assumes that<br>A) gross
Q348: In the above figure, if the relevant