Multiple Choice
The Keynesian view stresses that:
A) demand creates its own demand.
B) there is direct relationship between consumer spending and disposable income.
C) when aggregate expenditures (demand) can be forever less than full-employment output therefore prolonged unemployment will persist.
D) all of these are true.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: According to Say's law, there cannot be
Q37: An increase in the rate of interest,
Q215: If the interest rate increases, then the:<br>A)economy
Q216: Which one of the following will shift
Q217: As shown in Exhibit 8-3, break-even income
Q218: The marginal propensity to save (MPS)is computed
Q221: Exhibit 8-3 Consumption Function <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9027/.jpg" alt="Exhibit
Q222: Exhibit 8-10 Consumption function <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9027/.jpg" alt="Exhibit
Q223: Exhibit 8-5 Consumption function <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9027/.jpg" alt="Exhibit
Q224: If your disposable personal income increases from