At a level of real disposable income of 0,consumption is $5,000.Saving equals
A) 0)
B) $2,500.
C) -$5,000.
D) an amount that cannot be determined with the information available.
Correct Answer:
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Q10: Keynesian theory is based on the belief
Q11: Figure 9-1 Q12: According to Keynes,an individual's level of saving Q14: Dissaving occurs when Q17: According to Keynes,household planned consumption Q18: As real disposable income increases,consumption expenditures Q19: The 45-degree line Q20: An increase in autonomous consumption means that Q60: Saving equals Q132: In the Keynesian model, consumption
A)income exceeds consumption.
B)planned savings is
A)decreases as disposable
A)stay constant.
B)decrease
A)contains only a consumption component.
B)represents
A)the
A) disposable income minus taxes.
B) disposable
A)is positively related
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