Answer to Question #323666 in Macroeconomics for TeeS

Question

Which of the following statements is correct?

A. The level of production is always equal to thr lrvrl of production

b. In the Keynesian model, income is determined by the interest rates

c. Firms receive payments for the factors of production

d. The level of income is always equal to level of spending

Answer 1

d. The level of income is always equal to level of spending