According to Keynes,output Is Demand Determined.This Means That

question 12

Multiple Choice

According to Keynes,output is demand determined.This means that

• A)the production of output creates the demand for the output.
• B)the demand for money causes businesses to produce goods and services.
• C)business will try to produce as much output as it can with the labor force fully employed.
• D)the output that business chooses to produce will be determined by the demand for output.

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Definitions:

Diffusion

The movement of particles from an area of higher concentration to an area of lower concentration until they are evenly distributed.

Ecological Efficiency

The efficiency with which energy is transferred from one trophic level to the next in an ecosystem. Typically only a small percentage of energy is passed on to the next level.

Trophic Level

A step in a food chain or food web, representing the position of organisms in the flow of energy through an ecosystem.

Percentage

A mathematical term representing a fraction of 100, used to describe proportions or ratios.