The Keynesian model of aggregate expenditure describes the economy in
A) the short run.
B) the long run.
C) only a strong expansion.
D) both the short run and the long run.
Correct Answer:
Verified
Q2: Disposable income is $6 billion and planned
Q3: The components of aggregate expenditure include
I. imports.
II.
Q4: Disposable income is divided into
A) consumption and
Q5: In the Keynesian model of aggregate expenditure,
Q6: In the Keynesian model of aggregate expenditure,
Q8: Disposable income is
A) income plus transfer payments
Q9: Real GDP
A) is always greater then aggregate
Q10: The Keynesian model of aggregate expenditure assumes
Q11: Saving equals
A) disposable income minus taxes.
B) disposable
Q12: Disposable income is equal to
A) aggregate income
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