In the Keynesian model, to understand the determination of income and employment it is necessary to understand
A) how aggregate supply is determined.
B) how aggregate demand is determined.
C) how long-run aggregate supply is determined.
D) how interest rates are determined.
B
Economics
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Suppose Jennifer derives $100 in marginal benefits from her first skiing trip and $80 from her third tri
A) more than $100. B) between $100 and $80. C) between $79 and $51. D) less than $51. E) some amount that cannot be calculated without additional information.
Economics
An increase in the desire to save by households will cause
A) a reduction in output. B) a reduction in investment. C) an increase in output. D) no change in investment and no change in output.
Economics