The quantity of real GDP produced by one hour of labor is defined as

To find aggregate planned expenditures, which of the following must be added to consumption expenditure?

i. net exports ii. investment iii. government expenditure on goods and services A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii

Keynes believed that: a. discretionary fiscal policy was needed to stabilize the economy

b. wages are not flexible particularly in a downward direction. c. the economy could remain in a period of unemployment for a long time period. d. all of the above.