In the simple Keynesian model of the determination of income,planned investment is
A)an endogenous parameter.
B)autonomous and thus an exogenous parameter.
C)explained by the model of income determination.
D)None of the above.

Question

Quizplus · Accepted Answer

In the simple Keynesian model of the determination of income, planned investment is considered an autonomous and exogenous parameter. It is not explained or determined by the model itself but rather assumed as outside the model.

In the Simple Keynesian Model of the Determination of Income,planned