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In the Keynesian Framework,as Long as Output Is Above the Equilibrium

question 86

Multiple Choice

In the Keynesian framework,as long as output is above the equilibrium level,unplanned inventory investment will remain ________ and firms will continue to ________ production.


Definitions:

Cleared Fields

Land areas from which natural vegetation has been removed, often for agricultural purposes, development, or construction.

Pilgrims

Early settlers of the Plymouth Colony in present-day Massachusetts who left England seeking religious freedom in the early 17th century.

New Netherland

A 17th-century colonial province of the Dutch Republic that was located on the East Coast of North America.

Plymouth Rock

A historical symbol located in Plymouth, Massachusetts, traditionally regarded as the landing place of the Pilgrims in 1620.

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