In the Keynesian Model in the Short Run,the Amount of Employment

question 80

Multiple Choice

In the Keynesian model in the short run,the amount of employment is determined by the effective labour demand curve and the level of

• A)prices.
• B)output.
• C)the real interest rate.
• D)the supply of labour.

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Definitions:

Earned Income Tax Credit

The Earned Income Tax Credit is a refundable tax credit in certain jurisdictions intended to benefit working individuals and families, especially those with lower incomes.

Food Stamps

A government-issued voucher program designed to help low-income individuals and families afford food.

Technological Change

The overall process of invention, innovation, and diffusion of technology or processes that often leads to significant improvements in productivity or efficiency.

Wage Gap

The wage gap is the difference in earnings between two groups of workers, often based on gender, ethnicity, or age.