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

question 95

Multiple Choice

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

• A)below;negative
• B)above;negative
• C)below;positive
• D)above;positive

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Definitions:

Nike

an American multinational corporation known for designing, manufacturing, and selling athletic footwear, apparel, and equipment.

Elastic Demand

Characterizes a market situation where the quantity demanded of a good or service significantly changes in response to price changes.

Shoe Polish

A substance used to shine, restore color, and improve the appearance of leather shoes or boots.

Expected Value

A calculated average outcome of a random event, considering all possible outcomes and their probabilities.