According to the Keynesian Model

question 76

Multiple Choice

According to the Keynesian model:

• A) the equilibrium is found by equating the output produced to aggregate demand.
• B) the equilibrium is found by equating the inventories to aggregate demand.
• C) the equilibrium is found by equating the investment to aggregate demand.
• D) the equilibrium is found by equating the output produced to aggregate supply.

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Definitions:

Effervescence

The release of gas bubbles from a liquid, often observed when acids react with carbonate rocks or minerals.

Streak

The color of a mineral's powder when rubbed across a rough hard surface, used as a diagnostic property in mineral identification.

Magnetism

A property of materials that causes them to attract or repel other materials based on the presence of a magnetic field.

Specific Gravity

The proportion between the density of a material and the density of a reference material, usually water, given a certain temperature.