In the Keynesian Model,money Is

question 95

Multiple Choice

In the Keynesian model,money is

• A)neutral in both the short run and the long run.
• B)neutral in neither the short run nor the long run.
• C)neutral in the short run, but not in the long run.
• D)neutral in the long run, but not in the short run.

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Definitions:

Migratory Birds

Birds that travel from one region or climate to another at regular times of the year, often for breeding or climate conditions.

Fallacy of Composition

The error of assuming that what is true of a member of a group is true for the group as a whole.

Complex Product

A product that is made up of various components and possibly involves intricate processes in its manufacture or usage.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product much faster than with handcrafting-type methods.