The Keynesian model of aggregate expenditure assumes that
A) both individual firmsʹ prices and the price level are fixed.
B) both individual firmsʹ prices and the price level are flexible.
C) individual firmsʹ prices are flexible but the price level is fixed.
D) individual firmsʹ prices are fixed but the price level is flexible.
Correct Answer:
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Q14: In the Keynesian model of aggregate expenditure,
Q15: In the very short term, planned investment
Q16: An increase in real GDP leads to
A)
Q17: Disposable income is equal to
A) aggregate income
Q18: Which of the following statements is FALSE?
A)
Q20: In the very short term, in the
Q21: Autonomous consumption is that portion of consumption
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