The Order for the Chain of Events for the Keynesian

question 21

Multiple Choice

The order for the chain of events for the Keynesian model is for a change in ________ to lead to a change in ________,which is then multiplied resulting in a change in ________.

• A) investment; animal spirits; the price level
• B) business confidence; investment; real GDP
• C) the Fed's intermediate targets; the Fed's goals; real GDP
• D) real GDP; income; consumption

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Definitions:

Scanned

Describes the process of sequentially examining or reading information from a source, often used in the context of barcodes or digital images.

Data

Information that is processed or stored by a computer.

Manufacturer

A company or entity that produces finished goods from raw materials through the use of equipment and processes.

Word

In computing, a fixed-sized piece of data handled as a unit by the instruction set or the hardware of the processor.