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According to a model by John Maynard Keynes the economy is “

Paper help Economics According to a model by John Maynard Keynes the economy is “

Economics

According to a model by John Maynard Keynes the economy is “

According to a model by John Maynard Keynes the economy is “__________ _________ ” and may require “… Show more According to a model by John Maynard Keynes the economy is “__________ _________ ” and may require “________ ________” to control aggregate expenditures (demand) in order to reach full employment Given the comsumption function c=500 billion +.80Y, an increase in disposable income from $6000billion to $7000 billion will cause consumption to increase by: a. 800 billion b. 1000billion c. 1300 billion d.1500 billion e. 1800 billion Keynes’ central proposition that a dollar increase in dispoasable income will increase consumption, but by less than the increase in disposable income implies a marginal propensity to consume that is a. greater than or equal to one b. equal to one. c. less than one but greater than zero d. negative If there are strong negative expectations about future economic growth, then the: a. econmy will move to the right along the exisiting consumption function b. economy will move to the left along the existing consumption function c. investment demand curve will shift leftward • Show less

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