According to Keynesian economists,the key limitation on business production,and therefore on employment,is the
A) demand for output produced by business.
B) rate of growth of the money supply.
C) price of raw materials.
D) level of the wage rate for skilled labor.
E) the level of taxes on incomes and profits.
Correct Answer:
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A)the economy
Q118: According to the Keynesian model,
A)aggregate demand plays
Q119: The line segment ST describes the region
Q120: Macroeconomic equilibrium occurs when
A)the quantity of output
Q121: When the price level falls
A)aggregate demand shifts
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Q125: John Maynard Keynes argued that
A)downward nominal-wage rigidity
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Q127: When real GDP is in equilibrium there
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