Multiple Choice
The wealthy tend to have
A) higher average propensities to consume.
B) higher average propensities to save.
C) lower average propensities to save.
D) the same average propensity to consume as less wealth persons.
Correct Answer:
Verified
Correct Answer:
Verified
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,
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
Q17: Progressive economists argue that recessions and depressions
Q18: All of the following are examples of