In the very short term, planned investment ____________when GDP changes and planned consumption expenditure ____________when GDP changes.
A) changes; changes.
B) does not change; changes
C) does not change; does not change
D) changes; does not change
Correct Answer:
Verified
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.
Q13: Real GDP
A) is always less than aggregate
Q14: In the Keynesian model of aggregate expenditure,
Q16: An increase in real GDP leads to
A)
Q17: Disposable income is equal to
A) aggregate income
Q18: Which of the following statements is FALSE?
A)
Q19: The Keynesian model of aggregate expenditure assumes
Q20: In the very short term, in the
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