If disposable income is $3,000 and saving is $1,200, how much is consumption?
A) -$1,200
B) $1,800
C) $2,100
D) $4,200
Correct Answer:
Verified
Q67: How large was the unemployment rate during
Q68: Keynes believed that the economy is self-correcting.
Q69: The slope of the consumption function is
Q70: The idea of the spending multiplier is
Q71: The Keynesian conclusion that total injections equal
Q73: If consumption rises from $500 billion to
Q74: Which group of economists believed that economic
Q75: Assume that the economy is at equilibrium
Q76: Keynes's insight during the Great Depression was
Q77: A tax decrease has more of an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents