In the very short term, planned investment ________ when GDP changes and planned consumption expenditure ________ when GDP changes.
A) changes; changes.
B) changes; does not change
C) does not change; changes
D) does not change; does not change
Correct Answer:
Verified
Q1: Disposable income is
A) income minus saving.
B) income
Q2: The consumption function relates consumption expenditure to
A)
Q3: The Keynesian model of aggregate expenditure assumes
Q5: In the very short term, in the
Q6: An increase in real GDP leads to
A)
Q7: In the Keynesian model of aggregate expenditure,
Q8: Which of the following statements is FALSE?
A)
Q9: Consumers divide disposable income into
A) consumption and
Q10: The Keynesian model of aggregate expenditure describes
Q11: Real GDP
A) is always greater than aggregate
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