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Aggregate Demand, Consumption & Saving · Question 5 of 60

Question 5

MediumOriginal question

Aggregate supply in Keynes's short-run model equals

consumption onlyCorrect answerYour answerinvestment onlyCorrect answerYour answerthe value of outputCorrect answerYour answermoney supplyCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Output produced is paid out as income, so AS = Y = C + S.

Concept: Aggregate supply
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsComponents of aggregate demand

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