Question

Which of the following statements is/are CORRECT under

Q: Answer-Which of the following statements is/are CORRECT under the Keynesian Cross (Fixed Price) Model?

As per the Keynesian Cross Fixed Price Model, output is determined in the product market by the aggregate expenditure and Employment is determined in the factor market by the output level determined in the product market.

the Keynesian Cross (Fixed Price) Model?

A The product market and factor market independently determine the full-employment level of output

B Output is determined in the product market by the aggregate expenditure.

C Money market determines the price level, given the quantity of money and the level of output.

D Both b and d

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Which of the following statements is/are CORRECT under

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