The order for the chain of events for the Keynesian model is for a change in ___
ID: 1212433 • Letter: T
Question
The order for the chain of events for the Keynesian model is for a change in ________ to lead to a change in ________, which is then multiplied resulting in a change in ________.
investment; animal spirits; the price level
business confidence; investment; real GDP
the Fed's intermediate targets; the Fed's goals; real GDP
real GDP; income; consumption
A:investment; animal spirits; the price level
B:business confidence; investment; real GDP
C:the Fed's intermediate targets; the Fed's goals; real GDP
D:real GDP; income; consumption
Explanation / Answer
The correct answer is option (B).