�建 Microsoft Word �档

�建 Microsoft Word �档 - CHAPTER 10 1....

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CHAPTER 10 1. According to Keynesian view of the macro economy, when the economy is at equilibrium: A) Aggregate supply equals aggregate demand. B) The economy is at full employment. C) The price level is stable. D) All of the above are true. 2. If injections exceed leakages: A) Unemployment will rise. B) The economy will expand. C) Prices will fall. D) All of the above. 3. A decrease in investment expenditure, ceteris paribus: A) Will shift the consumption function downward. B) Will shift the aggregate demand curve to the left. C) Can create an inflationary spiral. D) All of the above. 4. If an economy is at full employment and investment spending decreases while all other levels of spending remaining constant then: A) The price level increases and output increases. B) The price level increases and output decreases. C) The price level decreases and output increases. D) The price level decreases and output decreases. 5. Actual investment:
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This note was uploaded on 04/11/2011 for the course ECO 2251 taught by Professor Kirkland during the Fall '09 term at Troy.

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�建 Microsoft Word �档 - CHAPTER 10 1....

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