Which of the Following Did Keynes Think Was a Macroeconomic

question 156

Multiple Choice

Which of the following did Keynes think was a macroeconomic problem?  

• A) The potential level of output and the equilibrium levels of output can be the same. 
• B) The equilibrium level of output can never be equal to the potential level of output. 
• C) Over time, the potential level of output may be pulled down to the equilibrium level of output. 
• D) The equilibrium level of output can fall below the potential level of output.

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The act by consumers of buying the same product or service again, indicating satisfaction and loyalty towards the brand.

Competitive Environment

A market scenario where businesses are in competition with each other to attract customers and achieve higher sales.

Free Association

A psychological technique in which a person responds to a word or idea spontaneously with the first word or idea that comes to mind.

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A measure of memory where respondents reveal what brands or products come to mind without any cues or prompts.