According to Keynes,the policy of incurring budget deficits will cause the equilibrium price level to __________ and equilibrium output to __________.
A) rise; rise
B) rise; fall
C) fall; rise
D) fall; fall
E) remain the same; remain the same
Correct Answer:
Verified
Q76: Exhibit 5-1 Q77: For a given aggregate supply curve,the price Q78: During the Great Depression, Q79: When output _,employment is expected to _. Q80: Given the following aggregate demand and aggregate Q82: Exhibit 5-1 Q83: Exhibit 5-1 Q84: An increase in government spending,other things constant,would Q85: According to Keynes,in order to get the Q86: Exhibit 5-1 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)unemployment and prices increased
A)rises;
