The Simple Keynesian Model Assumes That

question 347

Multiple Choice

The simple Keynesian model assumes that

• A) gross private domestic investment exceeds net investment by the capital consumption allowance.
• B) prices, especially the price of wages, are "sticky downward."
• C) there will never be any excess capacity in the short run.
• D) aggregate demand will always equal aggregate supply.

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Definitions:

Night Terrors

A sleep disorder causing feelings of terror or dread, typically occurring in the non-REM sleep phases, often accompanied by screaming or flailing and with little to no recollection of the dream content upon waking.

Nightmares

Distressing dreams that wake the sleeper, often involving feelings of fear, anxiety, or sorrow.

Uncontrollable Sleepiness

Excessive drowsiness that cannot easily be controlled or resisted, often indicative of underlying sleep disorders.

Narcolepsy

A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep, often with cataplexy.