Goods and services that are consumed by the ultimate user are called ________ goods and services.

In a simple Keynesian model, an increase in income leads to an increase in

A) savings. B) investment. C) the price level. D) the money supply.

Shortly after World War II (1941–45) and the price controls ended,

(a) unemployment levels returned to those levels experienced during the Great Depression. (b) unemployment levels returned to their full employment levels. (c) unemployment dipped sharply and inflation surged. (d) unemployment rates increased and deflation emerged.