croeconomics 2018 Quarter 3 (Jul-Sep) (LO1 R) Course Home Content AssessmentsCom

Question

croeconomics 2018 Quarter 3 (Jul-Sep) (LO1 R) Course Home Content AssessmentsCommunicationePortfolio CA Submissions > CA002 ? CA002 OWEN SUTANTO: Attempt 1 Next Page Page 17 of 20 Note: It is recommended that you save your response as you complete each question Question 17 (5 points) The basic Keynesian model is built on the key assumption that: 1) menu costs are not significant 2) firms meet the demand for their products at preset prices. 3) firms price their products so as to see a preset quantity of output 4) prices are prevented from changing frequently by government regulations. Save Saved 19 F8 F7 F6 DlII FS F3 8

Explanation / Answer

Answer- 2 firms meet the demand for their products at preset prices.

Reason - Keynesian model is an economic theory of total spending in the economy. This theory is based on the Assumption that firm meet the demand for their products at present prices.

If the solution helped, please give a thumbs up.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.