Keynes considered subjective and objective factors:
A) important determinants of consumption
B) unimportant determinants of consumption
C) determinants of investment
D) determinants of business's willingness to pay
Correct Answer:
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Q11: Rate of change in savings to change
Q12: Keynesian economics is also known as:
A)supply side
Q13: Which of the following can cause shifts
Q14: APC is determined by the following equation:
A)c/y
B)s/y
C)?c/?y
D)?s/?y
Q15: In the Keynesian two sector model, when
Q16: Which of the following is not correct:
A)mpc
Q17: According to Keynes, saving is:
A)private virtue but
Q18: MEC isinversely related to:
A)prospective yield
B)supply price
C)investment
D)rate of
Q20: Keynesian economics is:
A)macro
B)micro
C)both
D)none
Q21: The MEC increases when:
A)capitalstock increases
B)capitalstock decreases
C)capital remains
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