Multiple Choice
In the simple Keynesian cross model with no government or foreign sectors, at the equilibrium level of output
A) saving is equal to zero.
B) saving is less than investment.
C) saving is equal to investment.
D) saving is greater than investment.
Correct Answer:

Verified
Correct Answer:
Verified
Q74: Recall the Application about the impact that
Q75: Consumers will spend a higher proportion of
Q76: Suppose autonomous consumption increases. Explain how this
Q77: An increase in consumer confidence will<br>A) not
Q78: The consumption function shows the relationship between
Q80: Suppose the United States is in the
Q81: If the economy has an MPC of
Q82: In the income-expenditure model, the 45-degree line<br>A)
Q83: Table 11.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt="Table 11.1
Q84: In the income-expenditure model, for each price