The simple Keynesian income-expenditure graph
a. shows a picture of equilibrium where planned S equals planned I.
b. assumes that the size of planned consumption will be determined by the size of disposable income.
c. assumes that planned investment is not a function of the size of income.
d. Does all of these.
d. Does all of these.
You might also like to view...
What are the key characteristics of the agrarian system in Asia that distinguish it from that of Latin America? Explain your answer
What will be an ideal response?
Which of the following is when an investment bank purchases securities outright in case it misjudged the state of the market and it may have to sell the securities at a lower price than what was guaranteed?
A) credit risk B) liquidity risk C) principal risk D) default risk
The annual rental rate for a machine is
a. the yearly depreciation and maintenance costs for the machine. b. the yearly interest costs associated with owning the machine. c. the initial purchase price of the machine divided by the number of years the machine is expected to last. d. the sum of the yearly depreciation, maintenance, and interest costs associated with owning the machine.
In a democratic society, the preferences of __________ will often dominate decisions made by direct majority voting
a. elected government representatives b. special interest groups c. rent seekers d. senior citizens e. the median voter