Multiple Choice
Use the following Situation to answer the question : situation 20-1
Assume a closed economy with no government. Suppose that autonomous consumption equals $400, planned investment equals $500, and the mpc equals 0.9.
-Keynes believed that changes in autonomous spending were dominated by changes in
A) consumer expenditure.
B) autonomous consumer expenditure.
C) investment spending.
D) taxes.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: Aggregate output is _ related to autonomous
Q56: Assume that autonomous consumption equals $200 and
Q57: Everything else held constant,if consumption expenditure falls
Q58: Everything else held constant,a shift in tastes
Q59: There are two types of investment: _
Q61: In the simple Keynesian model,equilibrium aggregate output
Q62: If American college students decide that drinking
Q63: A difference between inventory investment and fixed
Q64: If the consumption function is expressed as
Q65: If the consumption function is C =