In the Keynesian model, equilibrium occurs when aggregate output equals aggregate expenditures
a. True
b. False
Indicate whether the statement is true or false
True
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Seasonally adjusted unemployment rates
A) are the same as the unadjusted rates in periods of bad weather. B) are not calculated for the U.S. economy. C) adjust for the predictable summer increase in the unemployment rate for teenagers. D) adjust for the predictable summer decrease in the unemployment rate for teenagers.
Tobin's q is
A) the ratio of a firm's market value on the stock and bond markets to the replacement cost of its capital stock. B) the ratio of a firm's gross investment to its capital stock less its replacement cost of capital. C) a firm's replacement cost of capital less its value on the stock and bond markets. D) the ratio of a firm's replacement cost of capital to its gross investment.