Author Question: In the Keynesian model, consumption A) is positively related to income but saving is not ... (Read 77 times)

mwit1967 · **on:** Jun 30, 2018

In the Keynesian model, consumption

A) is positively related to income but saving is not systematically related to either income or interest rates.
B) and saving are positively related to the real interest rate.
C) and saving are positively related to income.
D) is positively related to income and saving is negatively related to the stock market.

Question 2

Of the following views on the effects of immigration on the receiving nation's economic growth, which have NOT been suggested by economists Michael Kremer and Julian Simon?

A) Technological progress is driven by population growth.
B) Immigration increases a nation's labor pool and encourages ingenuity.
C) Immigration costs the local population jobs and greatly lowers their incomes.
D) Immigrants raise the standard of living of a nation's native population.