Which statement is consistent with what Keynes believed about consumption and disposable income?
A) Consumption depends upon disposable income and falls as disposable income rises.
B) Consumption rises by the same amount as disposable income rises.
C) Consumption rises by less than disposable income rises.
D) Disposable income depends upon consumption.
C
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In the figure above, when the market is unregulated and in equilibrium, the deadweight loss is ________ thousand per month
A) $250 B) $125 C) $150 D) $50 E) zero
The "dual" nature of our banking system got its start in the
A) 1820s. B) 1860s. C) 1910s. D) 1930s.
The mangers of Happy Campers and Camp with Us are engaged in a strategic interaction in which their interests are aligned, but there is more than one possible equilibrium. All of the following can help the managers determine the equilibrium outcome except which one?
A) an announcement made by either firm regarding their future plans B) the Pareto criterion C) a focal point D) unpredictable strategies
The main source of profit for financial institutions is: a. their ownership of stocks in commercial corporations
b. their ownership of real assets received in foreclosures on loans to households. c. the fees charged for holding and servicing checking accounts. d. the difference between interest paid on deposits and interest received on loans. e. the difference between the cost of creating new money and the interest paid on loans.