The Key Assumption of the Basic Keynesian Model Is That

question 55

Multiple Choice

The key assumption of the basic Keynesian model is that

• A) planned aggregate expenditure is autonomous.
• B) actual investment equals planned investment.
• C) planned aggregate expenditure is constant.
• D) short-run equilibrium output equals potential output.
• E) firms meet demand at preset prices.

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Definitions:

Synchronous Winding

A winding configuration in an electric machine that operates at a speed directly proportional to the frequency of the electric power supply.

Repulsion Motor

A type of single-phase motor that uses repulsion of magnetism to operate.

Magnetic Poles

The regions at the ends of a magnet where the magnetic field is strongest, designated as north and south poles.

Impedance

The total opposition that a circuit offers to the flow of alternating current, combining resistance and reactance.