In the Simple Keynesian Model,there Are Three Simplifying Assumptions

question 114

Multiple Choice

In the simple Keynesian model,there are three simplifying assumptions.One of these assumptions is:

• A) no consumption
• B) no investment
• C) no exports or imports
• D) a and b
• E) a,b,and c

---

Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter at a given confidence level.

Confidence Level

The probability, expressed as a percentage, that a parameter lies within a specified range of values (confidence interval).

Confidence Interval

A range of values, derived from the sample data, within which the true population parameter is expected to lie, with a given level of confidence.

Standard Error

The statistical term that measures the accuracy with which a sample represents a population.