Another name for the income expenditure model is the
A) classical model.
B) consumption propensities model.
C) paradox of thrift.
D) production possibilities model.
E) Keynesian model.

Question

Quizplus · Accepted Answer

The income expenditure model is also known as the Keynesian model, named after economist John Maynard Keynes, who developed the model. The model is used to analyze how changes in spending by households, businesses, and the government can affect overall economic activity.

Another Name for the Income Expenditure Model Is the