According to Keynesian Economics, If There Are Unutilized Resources in the Economy

question 89

Multiple Choice

According to Keynesian economics, if there are unutilized resources in the economy and aggregate demand decreases

• A) real GDP will rise and price level will remain constant.
• B) real GDP will fall and price level will remain constant.
• C) real GDP will rise and price level will rise.
• D) real GDP will rise and price level will fall.

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Definitions:

Formula Bar

A feature in spreadsheet software where users can enter or edit formulas and data in cells.

Status Bar

A section at the bottom of an application window that displays information about the current status and context, such as cursor position or page number.

Arithmetic Operator

Symbols used in mathematics and programming to perform operations like addition, subtraction, multiplication, and division.

Two-digit Year

A date format that uses only the last two digits of the year, which can cause ambiguity or the "Year 2000 problem" in computing and data management.