« previous next »

Author Question: In the Keynesian consumption function, if current income is equal to zero, consumption spending is ... (Read 84 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
In the Keynesian consumption function, if current income is equal to zero, consumption spending is equal to ________.
 
  A) the marginal propensity to consume
  B) the average propensity to save
  C) autonomous consumption
  D) exogenous consumption

Question 2

John Maynard Keynes described periods of irrational pessimism and optimism that affect the investment behavior of firms as animal spirits. When considering the investment behavior of firms, animal spirits can be thought of as changes in the
 
  A) actual marginal product of capital.
  B) capital stock.
  C) expected marginal product of capital.
  D) user cost of capital.


Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Jacob, Monod, and Pardee's hypothesis for the function of the lacI region Jacob, Monod, and Pardee's hypothesis for the function of the lacI region
Calcium consumption is essential for all people Calcium consumption is essential for all people
Part C - Structure and function of the human brain Part C - Structure and function of the human brain
How to reflect a sinusoidal function across the x-axis (y=a*sin⁡b(x−c)+d) How to reflect a sinusoidal function across the x-axis (y=a*sin⁡b(x−c)+d)
Comparison of energy consumption in developing and industrialized nations Comparison of energy consumption in developing and industrialized nations
Algebraically determine the x intercept of the exponential function Algebraically determine the x intercept of the exponential function
Video: DNA Replication

For a complete list of videos, visit our video library