Which of the following is a distinguishing characteristic of a Keynesian cross diagram?
A. real GDP on the horizontal axis
B. a flat line
C. 45-degree line
D. several different Phillips curves
Answer:C
Which of the following is a distinguishing characteristic of a Keynesian cross diagram?
A. real GDP on the horizontal axis B. a flat line C. 45-degree line D. several different Phillips curves
Explanation: Type: Multiple Choice