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    Exam 12: Consumption, Real GDP, and the Multiplier
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    According to the Keynesian Model, What Are the Two Components
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According to the Keynesian Model, What Are the Two Components

Question 141

Question 141

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According to the Keynesian model, what are the two components of consumption spending? What determines how consumption changes when real disposable income changes? Explain.

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Autonomous consumption is the part of co...

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