Multiple Choice
Keynes divided spending into four great flows which are
A) consumer spending on durable goods, consumer spending on nondurable goods, consumer spending on personal services, and consumer spending on financial services.
B) business spending on buildings, business spending on equipment, business spending on raw materials, and business spending on advertising.
C) consumer spending, business spending, government spending, and spending by foreign on exports.
D) government spending on welfare, government spending on the military, government spending on education, and government spending on Social Security.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: What is meant by capacity utilization?<br>A) How
Q3: The following are all aggregate markets discussed
Q4: If the objective of government policy during
Q5: In Keynes' analysis of the circular flow,
Q6: John Maynard Keynes is famous for<br>A) arguing
Q8: Conservatives and Keynesians differ on the appropriate
Q9: In Keynes' analysis of the circular flow,
Q10: Income received by households will be used
Q11: In Keynes' analysis of the circular flow
Q12: Unused savings, as defined in this chapter,