Describe how consumption behaves over the business cycle.
-Why does a decline in the labor share cause a decline in the propensity to consume for the average of all consumers?
Correct Answer:
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Q6: Whats defention of terms:
-marginal propensity to save
Q7: Whats defention of terms:
-savings
Q8: Explain how consumption has grown over the
Q9: Explain how consumption has grown over the
Q10: Describe how consumption behaves over the business
Q12: Describe how consumption behaves over the business
Q13: Describe how consumption behaves over the business
Q14: Compare and discuss determinants of aggregate consumption.
-Why
Q15: Compare and discuss determinants of aggregate consumption.
-How
Q16: Keynes believed that consumer demand in the
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