A simple Keynesian model is representative of a closed economy,with no foreign sector.
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Q3: The marginal propensity to consume (MPC)refers to
Q4: In Keynes' view,labor unions would resist wage
Q5: In the simple Keynesian model,the aggregate supply
Q6: An increase in autonomous consumption,an increase in
Q7: The part of consumption that is dependent
Q9: The marginal propensity to save (MPS)can be
Q10: According to Keynes,the economy is inherently unstable
Q11: Efficiency wage models imply that workers are
Q12: When total expenditure (TE)exceeds total production (TP),inventory
Q13: Classical economists used efficiency wage models to
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