Which of These Is NOT True Regarding the Keynesian Model

question 177

Multiple Choice

Which of these is NOT true regarding the Keynesian model?

• A) Aggregate expenditures can be expressed as C + I + G + (X - M).
• B) GDP can be measured as the sum of all spending.
• C) The four main types of spending are consumer, investment, government, and net exports.
• D) Aggregate spending is always less than aggregate income.

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Definitions:

Centralized Authority

A system where decision-making and power are concentrated in a central group or location.

Wars

Armed conflicts between states, societies, or groups, characterized by the use of force to achieve political or social objectives.

Irrigation Systems

Engineered networks designed to transport water to areas where it is needed for agricultural production, improving crop yields in arid and semi-arid regions.