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Author Question: In the Keynesian aggregate consumption-income graph, the vertical distance between the consumption ... (Read 45 times)

SO00

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on: Jun 30, 2018
In the Keynesian aggregate consumption-income graph, the vertical distance between the consumption function and the 45-degree line shows the:
 a. amount of savings (or dissavings) at that level of disposable income.
  b. amount of disposable income at that level of consumption.
  c. increase in planned business investment at each level of inflation.
  d. increase in income that causes each change in real GDP.

Question 2

Which of the following offers theories to explain why the government, like the private sector, may also fail?
 a. Social economics.
  b. Public choice theory.
  c. Rational expectations theory.
  d. Keynesian economics.


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ciecieme

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


SO00

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Reply #2 on: Jun 30, 2018
Thank you :)


ciecieme

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Reply #3 on: Jun 30, 2018
Happy to help you


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