When the spending of consumers, businesses, government, and foreigners (net exports) is less than the aggregate output level of the economy, the Keynesian model result is that:

In 1912, the National Monetary Commission denounced the existing financial system of the U.S. and, in a report, detailed the levels at which it restricted domestic producers' abilities to function globally

Indicate whether the statement is true or false

An increase in aggregate demand will reduce the unemployment rate only if the ensuing inflation is anticipated

a. True b. False Indicate whether the statement is true or false