In the Keynesian Analysis of Changes from One Real GDP

question 54

Multiple Choice

In the Keynesian analysis of changes from one Real GDP level to another,which of the following plays a critical role?

• A) changes in prices
• B) the relationship between optimum inventory levels and current inventory levels
• C) the long-run aggregate supply (LRAS)curve
• D) the relationship between total expenditures (TE)and the aggregate demand (AD)curve
• E) none of the above

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