According to Keynes,household planned consumption
A) decreases as disposable income increases.
B) is unstable and fluctuates widely with changes in disposable income.
C) is positively related to real disposable income.
D) is indirectly related to the interest rate.
Correct Answer:
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Q12: According to Keynes,an individual's level of saving
Q14: Dissaving occurs when
A)income exceeds consumption.
B)planned savings is
Q15: At a level of real disposable income
Q18: As real disposable income increases,consumption expenditures
A)stay constant.
B)decrease
Q19: The 45-degree line
A)contains only a consumption component.
B)represents
Q20: An increase in autonomous consumption means that
A)the
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