In the simple Keynesian model,total savings equals
A) total investment minus the budget deficit.
B) total planned and unplanned investment.
C) planned investment.
D) planned investment plus the budget deficit.
E) none of the above.
Correct Answer:
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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
Q32: Keynes believed that the instability in income
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
Q38: An increase in taxes
A)reduces income by more
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