Keynes' consumption function states that (a) consumption varies directly with income. (b) consumption is positive even if

Question:

Keynes' consumption function states that

(a) consumption varies directly with income.

(b) consumption is positive even if income is zero.

(c) the rate of increase in consumption is less than the rate of increase in income.

(d) none of the above.

(e) all of the above.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

See More Books

Question Posted: Nov 15, 2024 06:00 AM

See More Questions

.. a good explanations on each question please 9. The consumption function shows the relationship between consumption and: Interest rates. Saving. Price level changes. Disposable income 10. At the...
6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...
6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...
The task in this design project is to design an actuation system to power the ram's reciprocating motion in a small-size shaper. The power source of the actuation system is an AC motor with 0.75 hp...
If the third decimal place is less than 5, simply drop the third decimal place. Examples: Monthly rate $1,827 Weekly rate ($1,827 12)/52 = $421.615 rounded to $421.62 Hourly rate $421.62/40 =...
Show that the energy of an ideal dipole p in an electric field E is given by U = p E. (4.6)
Keynes' consumption function states that (a) consumption varies directly with income. (b) consumption is positive even if income is zero. (c) the rate of increase in consumption is less than the rate...
The company intends to issue 10-year bonds with a face value of $1,000. The bonds carry a coupon rate of 13%, and interest is paid semiannually. On the issue date, the market interest rate for bonds...
The following are several transactions of Time Traveler Company that occurred during the current year and were recorded in permanent accounts unless indicated otherwise. Time Traveler's fiscal year...
Propensity to consume refers to the (a) capability to buy different quantities of goods at different prices. (b) willingness to buy different quantities of consumption goods and capital goods at...
Marginal propensity to consume is defined as ,\(' (a) . w (b) slope of the consumption function. (c) all of the above. (d) none of the above.
28. The season average price per pound, p, and total season quantity sold, q, of sweet cherries in a regional market can be represented as the outcome of a bivariate random variable (P, Q) with the...
National Homebuilders, Inc., plans to purchase new cut-and-finish equipment. Two manufacturers offered the estimates below. If MARR-15%, the equation for computing the present worth of vendor B is...
Yuki (age 45 at year-end) has been contributing to a traditional IRA for years (all deductible contributions), and her IRA is now worth $50,000. She is trying to decide whether she should convert her...
Diagram the following transaction: A corporation (Parent) is the sole shareholder of Sub A and owns 51% of the outstanding shares of Sub B. The target (Target) is a wholly owned subsidiary of...
Lodi Fabrication is evaluating a proposal to purchase a new turbine to replace a less efficient machine presently in use. The cost of the new equipment at time 0, including delivery and installation,...
168 169 Exhibit 3 170 Actual Machine and Labor hours - by Job and Department 171 172 Cutting Tooling Assembly 173 Machine hours 174 JOB XY200 200 1,400 275 175 JOB AP5000 600 600 100 176 JOB QE3000...
Police radar detects the speed of a car (Fig. P39.19) as follows. Microwaves of a precisely known frequency are broadcast toward the car. The moving car reflects the microwaves with a Doppler shift....
Find an equation of the given line. Slope is -2; x-intercept is -2

Keynes' consumption function states that (a) consumption varies directly with income. (b) consumption is positive even if

Question:

Step by Step Answer:

Macroeconomics

Students also viewed these Business questions