According to Keynesian theory,the most important determinant of saving and consumption is
A) the level of real income.
B) the stock of liquid assets.
C) the stock of durable goods in the consumer's possession.
D) the level of consumer indebtedness.
Correct Answer:
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Q2: According to Keynes,the primary determinant of a
Q2: Which of the following statements is FALSE?
A)
Q4: Saving and savings differ in that
A)saving is
Q6: Suppose when real disposable income is $5,000,planned
Q7: If consumption spending exceeds income,we have
A)dissaving.
B)hoarding.
C)savings.
D)investment.
Q8: Figure 9-1 Q9: The relationship between households' planned consumption expenditures Q10: Keynesian theory is based on the belief Q11: Figure 9-1 Q45: The consumption function shows
A) a positive relationship
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