In the Keynesian model, changes in the money supply cause changes in
A) saving.
B) investment.
C) government spending.
D) aggregate supply.
B
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Define behavioral economics
What will be an ideal response?
Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. Assume no transaction costs and a competitive market. At the optimal bid, ask spread, what is the total profit that the market maker makes?
a. $8 b. $12 c. $18 d. $20
Keynesian economist believe that there is a _____ relationship between savings and interest rates and a _______ relationship between investment and interest rates.
A. direct; direct B. direct; inverse C. inverse; inverse D. inverse; direct
According to the Texas Transportation Institute, the typical U.S. commuter wastes approximately how much time per year due to traffic congestion?
A. 47 hours B. 22 hours C. 42 hours D. 96 hours