In the Keynesian Model, It Is Assumed That, When Demand

question 101

Multiple Choice

In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm:

• A) changes prices to meet the demand.
• B) changes production levels to meet the demand.
• C) changes prices and production levels to meet demand.
• D) changes prices, but hold production levels constant to meet the demand.

---

Definitions:

Widows

Women who have lost their spouses through death and have not remarried.

Widowers

Males who are widowed and have not entered into another marriage.

Congenial Siblings

Brothers and sisters who share a close, friendly, and amicable relationship, often characterized by mutual support and understanding.

Family Bonds

Emotional connections and ties among family members that are formed through shared experiences, love, support, and understanding.