Multiple Choice
One implication of a straight-line aggregate expenditure curve is that:
A) the marginal propensity to consume is constant.
B) the average propensity to consume is constant.
C) the average propensity to save is constant.
D) All of the answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: The marginal propensity to consume<br>A) increases when
Q150: In the simple Keynesian model, equilibrium exists
Q167: The simple Keynesian model ignores<br>A) the government.<br>B)
Q177: John Maynard Keynes focused on _ to
Q178: (Table: Consumption and Savings) Based on
Q179: Which of the following is (are) true
Q183: The expenditure approach to calculating GDP includes
Q185: The paradox of thrift is that if
Q186: In the following aggregate expenditures graph, to
Q213: Tax decreases do not inject money into