Answer to Question #270163 in Macroeconomics for Audrey

Question #270163

Q.1.12 Which one of the following statements about the simple Keynesian macroeconomic model is correct? (2) (1) Supply creates its own demand; (2) Equilibrium can occur at any level of income, not only the full-employment level; (3) The model can be used to study inflation; (4) Wages and prices are variable.

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