Multiple Choice
Consider a Keynesian income model without a government sector. In a graph with National income (Y) on the horizontal axis and both (S - I) and (X - M) on the vertical Axis, the graphical relationship between (S - I) and Y would be portrayed as __________, And the graphical relationship between (X - M) and Y would __________.
A) a downward-sloping line; also be portrayed as a downward-sloping line
B) a downward-sloping line; be portrayed as an upward-sloping line
C) an upward-sloping line; be portrayed as a downward-sloping line
D) an upward-sloping line; also be portrayed as an upward-sloping line
Correct Answer:
Verified
Correct Answer:
Verified
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