Which of the following statements is (are) true about Keynes's simple model of the economy? I. The aggregate price level is fixed.
II) All savings are considered to be personal savings.
III) There is considerable slack in the economy.
A) I only
B) II only
C) III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Keynes's simple model of the economy assumes that the aggregate price level is fixed, all savings are considered to be personal savings, and there is considerable slack in the economy.

Which of the Following Statements Is (Are) True About Keynes's