Saving equals
A) disposable income minus consumption expenditure.
B) disposable income plus consumption expenditure.
C) disposable income minus taxes.
D) consumption expenditure minus disposable income.
Correct Answer:
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Q6: In the very short run, the components
Q7: Disposable income is
A) income minus taxes plus
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)
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,
Q15: In the very short term, planned investment
Q16: An increase in real GDP leads to
A)
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