According to Mainstream Economists, the Basic Determinant of Real Output

question 67

Multiple Choice

According to mainstream economists, the basic determinant of real output, employment, and the price level is

• A) information and people's expectations.
• B) the level of aggregate expenditures.
• C) the incentive to work, save, and invest.
• D) the supply of money.

---

Definitions:

First Serves

In tennis, the initial serve in a point, which, if not successful, is followed by a second serve.

Independent Events

Events whose outcomes do not affect each other, implying that the occurrence of one does not change the probability of the other.

Presale Testing

A form of market research conducted before launching a new product to evaluate consumer interest and potential issues.

Expected Fail

A statistical prediction or anticipation of the occurrence of failures within a system or process.