Keynes believed that the instability in income was caused by variability in
A) investment.
B) taxes.
C) consumption and savings.
D) government spending.
Correct Answer:
Verified
Q27: Assuming that C + Ir + G
Q28: Assume that people experience a one-time 50
Q29: In the Keynesian model,changes in aggregate supply
A)are
Q30: Both Keynesians and supply-siders believe that tax
Q31: When firms incur unplanned inventories,they typically
A)build new
Q33: In the simple Keynesian model,total savings equals
A)total
Q34: An increase in the interest rate
A)reduces planned
Q35: According to Keynes,the level of consumer expenditures
Q36: Total planned expenditure is composed as
A)planned investment.
B)planned
Q37: The most important determinant of any multiplier
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