According to Keynes,the Adoption of an Expansionary Fiscal Policy Will

question 66

Multiple Choice

According to Keynes,the adoption of an expansionary fiscal policy will cause:

• A)both equilibrium price level and equilibrium output to rise.
• B)equilibrium price level to rise and equilibrium output to fall.
• C)equilibrium price level to fall and equilibrium output to rise.
• D)both equilibrium price level and equilibrium output to fall.
• E)equilibrium price level to remain the same and equilibrium output to fall.

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