BCS Practice Test & Exam Prep | Bangladesh

In the Keynesian model, the level of employment in the short run is determined primarily by:

Population growth, which automatically creates matching jobs The real wage that always clears the labor market at full employment Effective demand, that is planned consumption plus planned investment (and other autonomous spending) The quantity of money alone, independent of spending

Correct Answer:

Effective demand, that is planned consumption plus planned investment (and other autonomous spending)

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