Which of the Following Statements Is Correct

question 31

Multiple Choice

Which of the following statements is correct?

• A)In both the Keynesian and classical systems,aggregate demand is an important determinant of output and employment
• B)In classical and monetarist models,money is the primary factor determining changes in aggregate demand.
• C)Aggregate demand in the Keynesian model is determined entirely by the quantity of money,whereas in the classical model,money is one of several factors determining aggregate demand
• D)None of the above

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Definitions:

Long-Term Goal

An objective set to be achieved in the future that requires time and planning beyond the immediate period.

Natural Talent

Innate ability or skill in a particular area without the need for extensive training or practice.

Biological Parents

The individuals from whom one inherits their genetic characteristics, often referred to as birth parents.

Levels of Guilt

The varying degrees of guilt an individual may experience, influenced by personal, social, and situational factors.