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question 51

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Use the following to answer questions :
Figure: Classical Versus Keynesian Macroeconomics Use the following to answer questions : Figure: Classical Versus Keynesian Macroeconomics   -(Figure: Classical Versus Keynesian Macroeconomics)  Look at the figure Classical Versus Keynesian Macroeconomics. According to the Keynesian view, if this economy shifts from AD<sub>2</sub> to AD<sub>1</sub>, perhaps because of a large increase in government spending, the price level will _____ and real GDP will _____. A) rise; fall B) not change; rise C) rise; not change D) rise; rise
-(Figure: Classical Versus Keynesian Macroeconomics) Look at the figure Classical Versus Keynesian Macroeconomics. According to the Keynesian view, if this economy shifts from AD2 to AD1, perhaps because of a large increase in government spending, the price level will _____ and real GDP will _____.


Definitions:

Cash Crops

Agricultural products grown primarily for sale to return a profit, such as tobacco, cotton, and sugar, rather than for consumption by the farmer's family.

Grain Production

involves the farming of grains such as wheat, corn, and rice, which are staple foods for a large portion of the world’s population.

Body Servants

Enslaved or servant individuals who worked closely with their masters or mistresses, performing personal tasks such as dressing, bathing, and grooming; these roles often, but not exclusively, existed within the context of slavery.

Confederate Army

The military force representing the Confederate States of America during the American Civil War (1861-1865), which fought against the Union.

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