3.According to Keynes, the level of employment is determined by *
A. interest rates.
B. the level of prices.
C. the level of aggregate supply in the economy
D. the level of aggregate demand for goods and services
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Answer:
D. The level of aggregate demand for goods and services.
Explanation:
In Keynes words the level of employment is determined by the effective demand which, in turn, is determined by aggregate demand function or aggregate demand price and aggregate supply function or aggregate supply price.
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Answer: d..the level of aggregate demand for goods and services
According to Keynes, the level of employment is determined by the effective demand which, in turn, is determined by aggregate demand function or aggregate demand price and aggregate supply function or aggregate supply price.
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