The money supply is certain to increase if the Treasury finances expenditures by borrowing from the

In the simple Keynesian model of the determination of income, the price level is assumed to be

A) exogenous and to gradually change. B) endogenous and to gradually change. C) exogenous and to remain constant. D) endogenous and to remain constant.

Which of the following statements is not accurate about the 1920s?

a. There was a significant increase in mass production and mass marketing. b. There was a significant increase in urbanization. c. The ability of many Americans to afford consumer goods dropped sharply. d. Consumer credit policies were developed and instituted on a large scale for the first time.