In the simple Keynesian model of the determination of income, the price level is assumed to be
A) exogenous and to gradually change.
B) endogenous and to gradually change.
C) exogenous and to remain constant.
D) endogenous and to remain constant.
C
Economics
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If the deficit is financed by selling bonds to the ________, the money supply will ________, causing aggregate demand to ________
A) public; rise; increase B) public; fall; decrease C) central bank; rise; increase D) central bank; fall; decrease
Economics
Economists agree that the cause of the slow economic growth during the 1970s was the tight monetary policy.
Answer the following statement true (T) or false (F)
Economics