Multiple Choice
If there is no government and no foreign sector in the economy:
A) personal income and disposable personal income are unequal.
B) international trade is an important part of total spending.
C) GDP = C + I.
D) budget and trade deficits are important parts of the model of the economy.
Correct Answer:
Verified
Correct Answer:
Verified
Q59: During the millennium scare of 2000,Rufus reduced
Q60: If income rises from $10,000 to $20,000
Q81: If disposable income is $3,000 and saving
Q94: If the marginal propensity to save is
Q124: The average propensity to save is calculated
Q125: If disposable income is $250 and saving
Q136: Consumption expenditures play a minor role in
Q174: The slope of the saving schedule is<br>A)
Q182: One implication of a straight-line aggregate expenditure
Q232: Keynes believed that the economy is self-correcting.