Which of the Following Would a Keynesian Macro Model Include

question 92

Multiple Choice

Which of the following would a Keynesian macro model include to describe the effect of a tax cut?

• A)Labor supply and production responses.
• B)Interest rate rises.
• C)Multiplier spending responses.

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Definitions:

William McDougall

An influential psychologist known for his work on social psychology, including the concept of the group mind and the role of instinct in human behavior.

Psychoanalytic Theory

A set of theories originated by Sigmund Freud, which focus on the unconscious mind and childhood experiences as determinants of an individual's psychological state and behavior.

Instinct Approaches

A perspective in psychology that suggests human and animal behaviors are innate and driven by evolutionary pressures.

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.