Within the Keynesian Aggregate Expenditures Model, If the Economy Is

question 29

Multiple Choice

Within the Keynesian aggregate expenditures model, if the economy is below equilibrium, then there will be:

• A) an increase the demand for goods and services.
• B) an increase in real GDP.
• C) lower interest rates, which will stimulate aggregate demand and keep the economy at full employment.
• D) a lower price level, which will quickly guide the economy to full-employment equilibrium.

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Definitions:

Outgoing

Characterized by an extroverted, socially confident, and friendly behavior.

Assertive

Referring to the quality of being self-assured and confident without being aggressive, enabling clear and respectful communication of one's needs and desires.

Extraverted

Exhibiting an outgoing, socially confident personality and engaging with the external world.

Core Personality Dimensions

Fundamental traits that structure human personality, often considered to be traits like openness, conscientiousness, extraversion, agreeableness, and neuroticism.