According to the Traditional Keynesian Approach, If the Government Increases

question 186

Multiple Choice

According to the traditional Keynesian approach, if the government increases taxes, then

• A)real Gross Domestic Product (GDP)will fall and the price level will remain constant.
• B)real Gross Domestic Product (GDP)will fall but the price level will rise.
• C)both real Gross Domestic Product (GDP)and the price level will fall.
• D)real Gross Domestic Product (GDP)will remain constant but the price level will rise.

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