In the Simplest Keynesian Model of the Determination of Income,interest

question 75

Multiple Choice

In the simplest Keynesian model of the determination of income,interest rates are assumed

• A)to be exogenous and to influence desired spending.
• B)to be endogenous and not to influence desired spending.
• C)to be endogenous and to influence desired spending.
• D)to be exogenous and not to influence spending.

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Definitions:

Improper Fractions

Fractions where the numerator is greater than or equal to the denominator.

Mixed Numbers

Numbers consisting of an integer and a fraction.

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest possible values.

Mixed Numbers

Quantities that combine a whole number with a fraction less than one.