According the traditional Keynesian approach, an increase in government spending is effective in raising real Gross Domestic Product (GDP) if
A. Ricardian equivalence occurs, regardless of the price level.
B. the price level is flexible.
C. the price level does not exist.
D. the price level is fixed.
Answer: D
Economics
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If something happens to alter the quantity demanded at any given price, then the demand curve shifts
a. True b. False Indicate whether the statement is true or false
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The average trade balance from 2005 through 2008 was $____________ billion which was reduced to $____________ billion in 2009.
Fill in the blank(s) with the appropriate word(s).
Economics