Multiple Choice
The schedule that relates the level of desired total expenditures to the level of actual national income is called the
A) aggregate expenditure function.
B) dissaving function.
C) equilibrium function.
D) desired aggregate demand function.
E) consumption function.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The Smith family's disposable income rose from
Q2: When desired consumption exceeds disposable income, desired
Q3: Consider the simplest macro model with a
Q5: Consider a consumption function that is upward
Q6: In general, the marginal propensity to spend
Q7: "The marginal propensity to consume" refers to
Q8: The aggregate expenditure (AE)function is an upward-
Q9: Suppose the price level is constant, output
Q10: Consider a simple macro model with demand-
Q11: The aggregate consumption function is based on