In the Keynesian cross depicted below,which of the following is NOT true?
A) Potential output equals 1,000.
B) Equilibrium output equals 1,100.
C) The recessionary output gap equals 100.
D) The expansionary output gap equals 100.
E) The real interest rate faced by the public equals 1%.

Question

In the Keynesian cross depicted below,which of the following is NOT true? 
A) Potential output equals 1,000. 
B) Equilibrium output equals 1,100. 
C) The recessionary output gap equals 100. 
D) The expansionary output gap equals 100. 
E) The real interest rate faced by the public equals 1%.

Quizplus · Accepted Answer

The Answer of In the Keynesian cross depicted below,which of the following is NOT true? 
A) Potential output equals 1,000. 
B) Equilibrium output equals 1,100. 
C) The recessionary output gap equals 100. 
D) The expansionary output gap equals 100. 
E) The real interest rate faced by the public equals 1%.

In the Keynesian Cross Depicted Below,which of the Following Is