Which of the Following Would a Keynesian Macro Model Include

question 139

Multiple Choice

Which of the following would a Keynesian macro model include to describe the effect of a tax cut?

• A)Labor supply and production responses.
• B)Interest rate rises.
• C)Multiplier spending responses.
• D)A positive relationship between interest rates and investment.

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Definitions:

International Standards

These are agreements set by international organizations that dictate certain specifications, guidelines, or characteristics to ensure products, services, and systems are safe, reliable, and interchangeable worldwide.

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A collection of accounting principles formulated by the International Accounting Standards Board, known as International Financial Reporting Standards, that aid in the global creation of financial reports.

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Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards used in financial reporting within the United States.

Proprietorships

A business structure where a single individual owns and runs the business, bearing unlimited liability for its debts and obligations.