In the Keynesian Model of Aggregate Expenditure, We Assume That

question 238

Multiple Choice

In the Keynesian model of aggregate expenditure, we assume that firms will

• A) not change prices.
• B) raise prices when inventory levels fall.
• C) change prices only when inventory levels rise.
• D) lower prices when inventory levels rise.

---

Definitions:

Hypothalamus

Important autonomic and neuroendocrine control center beneath the thalamus.

Oxytocin

A hormone and neurotransmitter involved in childbirth and lactation, as well as in fostering social bonds and behaviors, such as trust and empathy.

APGAR Score

A quick test performed on a newborn at 1 and 5 minutes after birth, measuring five criteria to evaluate the baby's physical condition and determine any immediate need for extra medical or emergency care.

Umbilical Vein

A vein in the umbilical cord that carries oxygenated blood from the placenta to the fetus.