According to the Keynesian Model

question 145

Multiple Choice

According to the Keynesian model,

• A)aggregate demand plays no part in determining the price level in a hyperinflationary economy.
• B)aggregate demand alone determines the levels of output and employment when an economy is in the midst of a depression.
• C)aggregate supply alone determines the price level when an economy experiences creeping inflation.
• D)market economies can never be plagued by protracted downturns in economic activity.

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Definitions:

Axon

A long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body.

Neurotransmitters

Chemicals in the nervous system that transmit signals from one neuron to another, playing key roles in mood regulation, thought processes, and physical functions.

Synaptic Vesicles

Membrane-bound sacs within a neuron that store neurotransmitters, which are released into the synaptic cleft during synaptic transmission.

Synaptic Space

The small gap between the axon terminal of one neuron and the dendrite of another neuron, through which neurotransmitters are released to transmit signals.