In the Keynesian Model,supply Adjusts Passively to Demand in the Short

question 43

Multiple Choice

In the Keynesian model,supply adjusts passively to demand in the short run because

• A) of Say's law.
• B) the equilibrium level of output automatically adjusts to the full-employment level.
• C) actual saving equals actual investment at all times.
• D) both consumption and investment respond to changes in interest rates when the aggregate supply curve is vertical.
• E) high levels of unemployment keep wages and prices stable.

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