In the 45° line diagram, which of the following is given by the 45° line?
A) Consumption of domestic goods and services plus injections
B) Consumption of domestic goods and services
C) National expenditure
D) Consumption of domestic goods and services plus withdrawals
Correct Answer:
Verified
Q2: In the equation C = a +
Q3: The consumption function can be defined as
Q4: A theory of household consumption that assumes
Q5: The key difference between the Keynesian theory
Q6: The MPS is
A) the fraction of a
Q7: Which of the following factors will cause
Q8: Which of the following would not raise
Q9: Which of the following would not lower
Q10: If the MPS is 0.4, and savings
Q11: If the MPC is 0.8, and savings
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