In the Keynesian model,changes in aggregate supply
A)are the primary determinant of inflation.
B)could only destabilize the economy.
C)are ignored.
D)None of the above

Question

Quizplus · Accepted Answer

In the Keynesian model, the focus is on aggregate demand as the primary driver of economic activity. Therefore, changes in aggregate supply are often ignored in this model. Inflation is primarily seen as a result of excess demand, rather than changes in supply.

In the Keynesian Model,changes in Aggregate Supply