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NYC NYC
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8 years ago
According to the "simple" Keynesian view, if the economy has ________ capacity, a(n) ________ policy will increase output but not the price level, given that the economy continues to have ________ capacity even after the policy.
A) no more; expansionary; no more
B) no more; contractionary; no more
C) excess; contractionary; excess
D) excess; expansionary; excess
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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