The Keynesian consumption function is C = a + bYd. What does b represent?
A) The marginal propensity to consume
B) Disposable income
C) Autonomous spending
D) Total consumption
Correct Answer:
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Q1: The Keynesian consumption function is C =
Q2: The Keynesian consumption function is C =
Q4: The equation for marginal propensity to consume
Q5: The average propensity to consume is measured
Q6: If consumption is given by C= 10
Q7: Higher interest rates are likely to increase
Q8: The bigger the marginal propensity to consume
Q9: As income increases the marginal propensity to
Q10: Friedman's theory of consumption focused not on
Q11: Spending that takes place even when income
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