Multiple Choice
Keynes believed that changes in autonomous spending were dominated by unstable fluctuations in ________,which are influenced by emotional waves of optimism and pessimism-factors he referred to as "animal spirits."
A) unplanned investment spending
B) actual investment spending
C) planned investment spending
D) autonomous consumer expenditures
Correct Answer:
Verified
Correct Answer:
Verified
Q48: Aggregate output is increased by a decrease
Q49: In a closed economy,aggregate demand is the
Q50: If actual output is greater than equilibrium
Q51: In the Keynesian cross diagram,a decline in
Q52: Points on the IS curve satisfy _
Q54: A decline in autonomous planned investment spending
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