For Keynes, Changes in Aggregate Demand Had Their Greatest Impact

question 148

Multiple Choice

For Keynes, changes in aggregate demand had their greatest impact:

• A)on the aggregate price level.
• B)in the long run.
• C)on the aggregate output level.
• D)equally on the aggregate output level and the aggregate price level.

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Definitions:

Factory Employment

Work related to the operation of manufacturing facilities where goods are produced on a large scale.

Knowledge

Knowledge is the understanding, awareness, or familiarity gained through education or experience, encompassing facts, information, descriptions, or skills acquired through learning or practice.

Hunter-Gatherer Societies

Social and economic systems based on the hunting of wild animals and gathering of wild plants for subsistence.

Hunting Weapons

Tools and devices designed and used by humans to catch or kill wildlife.