Multiple Choice
An increase in autonomous taxes
A) increases autonomous planned spending by an equal amount.
B) decreases autonomous planned spending by an equal amount.
C) increases consumption by that amount times the marginal propensity to consume.
D) decreases saving by that amount times the marginal propensity to save.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: If the gap between the actual level
Q47: If Ap is total autonomous planned spending,c
Q48: In the simple Keynesian model of the
Q49: The IS curve represents<br>A)investment and saving when
Q50: If Y is income,E is actual expenditure,Ep
Q52: Suppose the only leakages are savings and
Q53: Figure 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 3-2
Q54: Figure 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 3-2
Q55: An increase in the marginal propensity to
Q56: If Y = $200 billion,c = 0.75,autonomous