In the Keynesian Analysis of Macroeconomic Equilibrium,the Key Determinant of Real

question 104

Multiple Choice

In the Keynesian analysis of macroeconomic equilibrium,the key determinant of real GDP is

• A)national income.
• B)aggregate supply.
• C)aggregate demand.
• D)disposable income.

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Definitions:

Risk Assessment

The identification, evaluation, and prioritization of risks followed by coordinated efforts to minimize or control their impact.

Indemnity

A contractual obligation of one party to compensate the loss incurred by another party due to the acts of the indemnitor or another party.

Insurance Claims

Requests made by policyholders to an insurance company for compensation or coverage for a covered loss or policy event.

Profiting

The act of earning a financial gain or benefit, often from business operations or investments.