In the Keynesian Model of the Business Cycles

question 23

Multiple Choice

In the Keynesian model of the business cycles,

• A)unanticipated changes in government expenditures cause output to change by change in real wage.
• B)anticipated changes in government expenditures cause output to change by changes in real wage.
• C)anticipated changes in money supply cause output to change by changes in real wage.
• D)anticipated or unanticipated changes in money supply cause output to change by changes in real wage.

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Definitions:

Content Validity

The extent to which a test or questionnaire accurately covers or represents the specific content it aims to measure.

Construct Validity

The extent to which a test or instrument measures the theoretical construct it is intended to measure.

Criterion-related Validity

A measure of how well one variable or test predicts an outcome based on information from other variables.

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments, part of a company's cash flow statement.