Keynes divided spending into four great flows which are
A) consumer spending on durable goods, consumer spending on nondurable goods, consumer spending on personal services, and consumer spending on financial services.
B) business spending on buildings, business spending on equipment, business spending on raw materials, and business spending on advertising.
C) consumer spending, business spending, government spending, and spending by foreign on exports.
D) government spending on welfare, government spending on the military, government spending on education, and government spending on Social Security.
Correct Answer:
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Q11: Explain how the government can act to
Q12: The name of John Maynard Keynes' most
Q13: Say's law was developed
A) by John Maynard
Q14: According to Say's law, a lack of
Q15: What is the difference between microeconomics and
Q16: Which of the following is a statement
Q18: Income received by households will be used
Q19: The 3 leakages from spending are
A) savings,
Q20: The Great Depression occurred
A) during the 1890s
Q21: Keynes disagreed with the neoclassical view of
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