In an Economy Described by the Assumptions of the Simple

question 15

Multiple Choice

In an economy described by the assumptions of the simple Keynesian Model,the impact of fluctuations in autonomous investment on consumption spending could be

• A)caused by government tax and spending policies.
• B)explained by changes in output,Y.
• C)endogenous.
• D)offset by government tax and spending policies.

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Definitions:

Globalization Strategy

A strategy that adopts standardized products and advertising for use worldwide.

Efficiencies

The ratio of the output produced to the input resources used in the production process, aiming to minimize resources while maximizing output.

Local Markets

Marketplaces within a specific geographical area where goods and services are sold and bought, with particular focus on the needs and preferences of the local community.

Differentiation Strategy

A business approach that involves offering unique products or services to stand out from competitors.