Multiple Choice
In Keynes' analysis of the circular flow unused savings are
A) dollar bills and coins that people bury in their backyards.
B) income that households invest in purely financial investments.
C) the percentage of income that households receive that is not spent on immediate consumption goods.
D) income that households spend on frivolous consumption items.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: John Maynard Keynes is famous for<br>A) arguing
Q7: Keynes divided spending into four great flows
Q8: Conservatives and Keynesians differ on the appropriate
Q9: In Keynes' analysis of the circular flow,
Q10: Income received by households will be used
Q12: Unused savings, as defined in this chapter,
Q13: The wealthy tend to have<br>A) higher average
Q14: Keynes stressed the importance of effective demand,
Q15: Leakages from the circular flow include<br>A) savings,
Q16: All of the following individual investments are