« previous next »

Author Question: In the Keynesian consumption function, if current income is equal to zero, consumption spending is ... (Read 128 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?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
Glycoprotein IIb/IIIa receptor activation of platelet function. Glycoprotein IIb/IIIa receptor activation of platelet function.
How to plot a sine function containing an amplitude and phase shift (Question 1 of 3) How to plot a sine function containing an amplitude and phase shift (Question 1 of 3)
Testing motor function of cranial nerve VII - Close both eyes Testing motor function of cranial nerve VII - Close both eyes
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
Sketch the graph using the tables providing. Determine if each function is continuous or ... Sketch the graph using the tables providing. Determine if each function is continuous or ...
Video: Nervous pathway to the Neuromuscular (NMJ)

For a complete list of videos, visit our video library