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Author Question: The supply-determined nature of output and employment is a crucial feature of a. the Keynesian ... (Read 40 times)

dollx

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on: Jun 30, 2018
The supply-determined nature of output and employment is a crucial feature of
 
  a. the Keynesian theory.
  b. the classical system.
  c. monetarism.
  d. the rational expectations model.

Question 2

Discuss how economists measure the following: (i) aggregate expenditure, (ii) aggregate income, and (iii) aggregate output.
 
  What will be an ideal response?


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Moriaki

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

They are all measured by GDP.


dollx

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

nanny

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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