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Within the Keynesian model, when planned aggregate demand equals total output,
A. the output level will tend to persist into the future.
B. the employment rate will equal the labor force participation rate.
C. government expenditures will equal revenues.
Answer: A
Explanation:
Because Keynesian equilibrium is dependent on equality between planned aggregate expenditures and output, it need not take place at full employment. An economy in Keynesian equilibrium has no tendency for output to change even if output is well below full employment capacity.
NEW QUESTION: 2
You have an interview screen that collects the attribute "the person's age in years".
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Which option satisfies this requirement?
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B. Set the minimum and maximum values on the Interview tab. Set the error message text in a validation rule.
C. Set the minimum and maximum values, and the error message text, in the Edit Attribute dialog box.
D. Set the minimum and maximum values, and the error message text, on the Interview tab.
E. Set the minimum and maximum values in the Screen Properties. Set the error message text in a validation rule.
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