A consumption function shows a
A) negative (inverse) relationship between consumption expenditure and saving.
B) positive (direct) relationship between consumption expenditure and price level.
C) negative (inverse) relationship between consumption expenditure and disposable income.
D) positive (direct) relationship between consumption expenditure and disposable income.
Correct Answer:
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Q4: In the very short term, planned investment
Q5: Real GDP
A) is always greater then aggregate
Q7: In the Keynesian model of aggregate expenditure,
Q12: In the very short run, the components
Q13: According to the Keynesian theory, the typical
Q14: The components of aggregate expenditure include
I. imports.
II.
Q15: Disposable income is divided into
A) consumption and
Q17: Saving equals
A) disposable income minus taxes.
B) disposable
Q19: Disposable income is equal to
A) consumption expenditure
Q20: In the Keynesian model of aggregate expenditure,we
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