According to Keynesian Economics, If There Are Unutilized Resources in the Economy

question 65

Multiple Choice

According to Keynesian economics, if there are unutilized resources in the economy and aggregate demand increases

• A) real GDP will rise and price level will remain constant.
• B) real GDP will fall and price level will remain constant.
• C) real GDP will rise and price level will rise.
• D) real GDP will rise and price level will fall.

---

Definitions:

Accounts Payable

Liabilities or money owed by a company to its creditors or suppliers for goods and services received but not yet paid for.

General Ledger

A comprehensive record of all financial transactions that occur within a company, organized by account.

Sales Journal

A specialized accounting journal used to record all sales of goods and services on credit.

Sales Revenue

The total amount of money a company receives from its sales of goods or services before any expenses are subtracted.