In the Keynesian Model in the Short Run,a Decrease in the Money

question 33

Multiple Choice

In the Keynesian model in the short run,a decrease in the money supply will cause

• A)a decrease in output and an increase in the real interest rate.
• B)an increase in the real interest rate but no change in output.
• C)a decrease in the real interest rate and a decrease in output.
• D)no change in either the real interest rate or output.

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Definitions:

Laissez-faire Style

Describes a leadership approach characterized by minimal supervision and allowing employees a high degree of autonomy in their work.

High Profile Project

A project that attracts a lot of attention or visibility, often because of its significance, budget, stakeholders, or impact.

Day-to-day Progress

The incremental advancements or developments made on a regular, daily basis towards achieving a goal or completing tasks.

Human Relations Style

Pertains to a management approach emphasizing employee satisfaction, open communication, and the importance of interpersonal relationships in the workplace.