Economists Before Keynes Assumed That Equilibrium GDP Occurred

question 180

Multiple Choice

Economists before Keynes assumed that equilibrium GDP occurred

• A)automatically.
• B)only with the help of government stabilization.
• C)if spending was generally greater than output.
• D)only in socialist economies with central planning.

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Definitions:

Asymptotes

Lines that a curve approaches as it heads towards infinity.

Graph

A plot that illustrates the relationship between two or more variables, typically used in mathematics to display functions or data sets.

Vertices

Points where two or more curves, lines, or edges meet; in geometry, it is the corner points of polygons and polyhedra.

Ellipse

A set of points in a plane such that the sum of the distances from two fixed points (foci) to any point on the ellipse is constant.