In the Simple Keynesian Model of the Private Economy, Which

question 73

Multiple Choice

In the simple Keynesian model of the private economy, which of these is assumed?

• A) The consumer price index can rise or fall.
• B) Households and firms are savers.
• C) The aggregate price level can change.
• D) There is considerable slack in the economy.

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Definitions:

Deca-

A prefix meaning ten, used in forming terms denoting objects composed of ten parts or units.

Primi-

A prefix meaning "first" used in medical terminology to denote the first occurrence or a primary condition.

Tri-

A prefix meaning three, used in terms referring to three parts or threefold.

Epigastric

Pertaining to the abdominal region located above the stomach.