In the Keynesian Model,the Difference Between No Intervention by the Government

question 55

Multiple Choice

In the Keynesian model,the difference between no intervention by the government during a recession and intervention using expansionary monetary or fiscal policy is that no intervention will return the economy to its equilibrium level of output ________ than intervention will and at a ________ price level.

• A)faster;lower
• B)slower;higher
• C)slower;lower
• D)faster;higher

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Definitions:

UPA

Uniform Partnership Act, a standardized set of laws intended to regulate the operation of partnerships within the United States.

Tenant In Partnership

A member of a partnership who has rights to use property owned by the partnership.

Profits

The income that remains after subtracting a company's expenses from its revenue.

Presumed

Accepted as true or existing based on probability or logical inference, often without direct evidence.