Which of the following is FALSE regarding the Keynesian model?
A) Aggregate expenditures can be expressed as C + I + G + (X - M) .
B) GDP can be measured as the sum of all spending.
C) The four main types of spending are consumer,investment,government,and net exports.
D) Aggregate spending is always less than aggregate income.
Correct Answer:
Verified
Q5: A depression economy has considerable slack,so:
A) unemployment
Q8: If there is no government and no
Q9: (Figure: Consumption Spending) Q11: Consumption spending is: Q38: Approximately what share of U.S. GDP is Q40: In the simple Keynesian model of the Q72: If disposable income is $3,000 and saving Q211: In the Keynesian model, the principal determinant Q235: If disposable income is $3,000 and saving Q236: If disposable income is $250 and saving
A) spending by households,businesses,and government
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