MacroEcon Questions.. need some help?

Question

John Maynard Keynes argued that

a. an increase in real GDP is always followed by an increase in the price level.

b. a macroeconomic equilibrium coupled with unemployment is impossible.

c. the price level falls until macroeconomic equilibrium is reached.

d. real GDP can rise without increases in the price level.

e. conditions of excess capacity in the economy are only temporary.

The World Bank classifies countries that have a per capita GNP which is less than 755 dollars as falling below

a. the cost of clothing, shelter, and health care.

b. the poverty income level.

c. the minimum wage.

d. the average income of a homeless person.

e. the average family income.

Which of the following is not a characteristic of less developed nations?

a. A large agricultural sector

b. Low family income

c. Low birthrates

d. A poor education system

e. High mortality rates

Answer 1

John Maynard Keynes argued that

d. real GDP can rise without increases in the price level.

    The World Bank classifies countries that have a per capita GNP which is less than 755 dollars as falling below

b. the poverty income level.

.    Which of the following is not a characteristic of less developed nations?

c. Low birthrates