Multiple Choice
Which of the following is not reflected in the constant term associated with the marginal propensity to consume?
A) The level of C if Y were zero
B) People's consumption with zero income
C) All other influences on consumption besides income
D) All of the above are reflected in the constant term.
Correct Answer:

Verified
Correct Answer:
Verified
Q75: If the marginal propensity to consume is
Q76: An increase in interest rates will cause
Q77: In the Keynesian model, when desired saving
Q78: The aggregate demand curve is negatively sloped
Q79: If consumption behavior can be described as
Q80: Assume a consumption function of C =
Q81: In a simple Keynesian model, an increase
Q82: Assume a consumption function of the following
Q83: In the Keynesian model, changes in the
Q84: In the Keynesian model, a build-up of