In the Keynesian Model, a $1 Billion Increase in Autonomous

question 4

Multiple Choice

In the Keynesian model, a $1 billion increase in autonomous consumption leads to ________ in short-run equilibrium output.

• A)a $1 billion increase
• B)a greater than $1 billion increase
• C)no change
• D)a $1 billion decrease

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Definitions:

Status

The relative position or standing of things or especially persons in a society.

Flexibility

The quality of being adaptable or willing to adjust to new conditions or circumstances.

Experience

The knowledge or skill acquired by a period of practical involvement in an activity.

Responsibility

The state or duty of being accountable for something, especially within the context of professional or personal roles.