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39 The Keynesian consumption function is C = 15 + 0:6Y ;combined with C + 10 = Y (I = 10), an increase in governmentspending
39 The Keynesian consumption function is C = 15 + 0:6Y ;combined with C + 10 = Y (I = 10), an increase in governmentspending causes Y to rise by a multiplier of
a. 1.5.
b. 2.0.
c. 2.5.
d. 0.
59 If income is the "interest áow" on Wealth, then
a. income is greater than Wealth;
b. income is equal Wealth;
c. income is less than Wealth;
d. income is unrelated to Wealth.
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