Using the Keynesian Aggregate Expenditures Model, Which of the Following

question 140

Multiple Choice

Using the Keynesian aggregate expenditures model, which of the following is true?

• A)Macro equilibrium may occur at levels of real GDP other than full-employment real GDP.
• B)At any macro equilibrium, the actual rate of unemployment must equal the natural rate of unemployment.
• C)If an economy is operating below full employment capacity, the Keynesian model indicates that lower wage rates will automatically adjust the economy back to full employment.
• D)All of these are correct.

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Definitions:

Fear Conditioning

A behavioral paradigm in which organisms learn to predict aversive events, linking a neutral stimulus with a fear-inducing situation.

Aversive CS

A conditioned stimulus that predicts an unpleasant outcome, leading to aversive learning.

Neutral US

Refers to a stimulus that does not initially elicit a strong emotional or physiological response, used in behavioral conditioning experiments.

Conditioned Response

A conditioned reaction developed in response to a previously irrelevant stimulus after its frequent association with a stimulus that elicits an automatic response.