If the Traditional Keynesian Views Turn Out to Be Accurate

question 34

Multiple Choice

If the traditional Keynesian views turn out to be accurate, an increase in government spending would:

• A)increase the price level.
• B)decrease the investment.
• C)increase the equilibrium level of real GDP.
• D)decrease the consumption.
• E)decrease the money supply.

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Definitions:

Enslavement

The act or condition of being forcibly kept in a state of bondage and made to perform labor without the freedom to leave or refuse.

African Americans

A term used to refer to citizens or residents of the United States who have origins in any of the black populations of Africa.

John Woolman

An 18th-century Quaker preacher and abolitionist known for his writings and efforts to end slavery in the American colonies.

Anthony Benezet

A French-American educator and abolitionist who argued against the slavery of Africans and founded one of the first schools for Black students in Philadelphia.