The Keynesian cross shows:
A) determination of equilibrium income and the interest rate in the short run.
B) determination of equilibrium income and the interest rate in the long run.
C) equality of planned expenditure and income in the short run.
D) equality of planned expenditure and income in the long run.
Correct Answer:
Verified
Q3: The IS curve plots the relationship between
Q4: Two interpretations of the IS-LM model are
Q5: According to classical theory, national income depends
Q6: When firms experience unplanned inventory accumulation, they
Q7: When drawn on a graph with Y
Q9: A variable that links the market for
Q10: In the Keynesian-cross model, actual expenditures equal:
A)
Q11: With planned expenditure and the equilibrium condition
Q12: When planned expenditure is drawn on a
Q13: The IS-LM model takes _ as exogenous.
A)
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