Multiple Choice
John Maynard Keynes believed that the average propensity to consume:
A) is constant.
B) increases as income increases.
C) decreases as income increases.
D) is less than the marginal propensity to consume.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q18: When the capital stock reaches a steady
Q39: The profit rate of a firm that
Q40: If the capital stock is fixed and
Q41: For a firm facing financing constraints on
Q43: Milton Friedman argued that, over long periods
Q44: During recessions, investment spending usually decreases because:<br>A)
Q46: The function showing total spending on investment
Q72: Economic booms should stimulate investment spending because
Q84: If the replacement cost of installed capital
Q119: The life-cycle model predicts that if the