Keynesian Economists Think General Equilibrium Is Not Attained Quickly Because

question 50

Multiple Choice

Keynesian economists think general equilibrium is not attained quickly because

• A)the real interest rate adjusts slowly.
• B)the level of output adjusts slowly.
• C)the real wage rate adjusts slowly.
• D)the price level adjusts slowly.

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Definitions:

Wastewater

Water that has been used and contaminated by human activity, which includes residential, industrial, and commercial waste liquids.

Dissolved Salts

Ionic substances that are broken down into constituent ions in a solution, primarily found in bodies of water.

Brackish Water

Water that has more salt than freshwater but less than seawater, often resulting from the mixing of sea and freshwater.

Waterless Conditions

Environments or situations characterized by a lack of water or moisture.