Disposable income is
A) income minus taxes plus transfer payments.
B) income plus transfer payments minus consumption expenditure.
C) total income divided by the price level.
D) income minus saving.
Correct Answer:
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Q2: The consumption function relates the consumption expenditure
Q3: Disposable income is divided into
A) consumption, saving,
Q4: In the Keynesian model of aggregate expenditure,
Q5: If firms set prices and then keep
Q6: In the very short run, the components
Q8: The consumption function relates consumption expenditure to
A)
Q9: The Keynesian model of aggregate expenditure describes
Q10: A consumption function shows a
A) negative inverse)
Q11: Saving equals
A) disposable income minus consumption expenditure.
B)
Q12: The components of aggregate expenditure include
I. imports.
II.
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