According to the Classical Model,an Increase in Government Purchases Will

question 164

Multiple Choice

According to the classical model,an increase in government purchases will

• A) lead to a change in the interest rate that encourages consumers to spend more
• B) lead to a change in the interest rate that encourages private businesses to invest more
• C) discourage private spending by increasing the price level
• D) be partially offset by a decline in consumption and investment spending
• E) leave total spending and output unchanged

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