According to the Keynesian savings schedule, when aggregate income increases by a given amount, savings will
A) remain the same
B) decrease by the amount of change in income
C) increase by the amount of the change in income
D) increase by less than the amount of the change in income
E) increase by more than the amount of the change in income
Ans: D) increase by less than the amount of the change in income
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A) 0.5. B) 2.0. C) 6.0. D) 1.5. E) 3.0.
Expenditures on major need-tested programs from the federal government for medical care amounted to _____ in 2009.
A. $98.1 B. $28.8 C. $46.9 D. $200.0 E. none of these answer options are correct.
The kinked demand curve model is based on the assumption that each firm
A) considers its rival's output to be fixed. B) considers its rival's price to be fixed. C) believes rivals will match all price changes. D) believes rivals will never match price changes. E) none of the above
A movement upward along the consumption function can be caused only by a(n)
A. increase in disposable income. B. decrease in disposable income. C. decrease in the price level. D. increase in the price level.