Related to the Economics in Practice on p. 547: In the simple "Keynesian" view, maximum output is not defined by the
A) existing labor force.
B) current capital stock.
C) existing state of technology.
D) level of consumption.

Question

Quizplus · Accepted Answer

In the simple "Keynesian" view, maximum output is not defined by the level of consumption. Instead, it is determined by the level of aggregate demand, which can be influenced by government spending and other factors.

Related to the Economics in Practice on P