Equilibrium quantity of labor input and real gdp

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1. In the new Keynesian model, an increase in household consumption will a. not affect output. b. increase saving. c. increase output by more than the increase in consumption. d. increase output by less than the increase in consumption. 2. Assuming that the nominal quantity of money is constant and there is no inflation, if the real public debt decreases, the government budget shows a. a decrease in printing money. c. an increase in real saving. b. an increase in the real deficit. d. a decrease in private bonds. 3. In the price-misperceptions model, an increase in the price level will, in the short run, a. lower the equilibrium quantity of labor input and increase real GDP. b. increase the equilibrium quantity of labor input and real GDP. c. leave the equilibrium quantity of labor input and real GDP unchanged. d. lower the equilibrium quantity of labor input and real GDP.

Reference no: EM13155283

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