In the Simple Keynesian Model,equilibrium Aggregate Output Is Determined by

question 61

Multiple Choice

In the simple Keynesian model,equilibrium aggregate output is determined by

• A)aggregate demand.
• B)aggregate supply.
• C)the national demand for labor.
• D)the price level.

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Definitions:

Slab Pull

A mechanism that contributes to plate tectonics, involving the subduction of oceanic plates pulling the trailing lithosphere into subduction zones.

Asthenosphere

The upper mantle's region directly beneath the lithosphere, characterized by high viscosity, mechanical weakness, and ductile deformation.

Oceanic Lithosphere

The rigid outer layer of the Earth under the ocean basins, composed of the crust and upper mantle that is specifically associated with oceanic regions.

Ridge Push

A tectonic process driven by gravitational forces that cause the spreading of the seafloor away from oceanic ridges.