In the Keynesian Model with a Variable Money Wage and Variable

question 21

Multiple Choice

In the Keynesian model with a variable money wage and variable price level,an increase in the money supply lead to a rise in all of the following except

• A)price level.
• B)output.
• C)real wage.
• D)level of employment.
• E)all of these rise

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Definitions:

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The principles and beliefs that an individual holds as important and guiding their behavior.

Ethical Problem

A situation or issue that requires an individual or organization to choose between alternatives that must be evaluated as right or wrong.

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