In the New Keynesian Model, the Output Demand Curve Represents

question 46

Multiple Choice

In the New Keynesian model, the output demand curve represents combinations of

• A) the price level and the level of output at which the goods market and the labour market are in equilibrium.
• B) the price level and the level of output at which the goods market is in equilibrium.
• C) the real interest rate and the level of output at which the goods market and the labour market are in equilibrium.
• D) the real interest rate and the level of output at which the goods market is in equilibrium.
• E) the real interest rate and the price level at which the goods market is in equilibrium.

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