Author Question: In an economy with no government and no international trade, consumption expenditures will be less ... (Read 123 times)

Chloeellawright · **on:** Jun 30, 2018

In an economy with no government and no international trade, consumption expenditures will be less than the total value of goods and services when

A) people save some of their income.
B) people barter rather than use money in making exchanges.
C) saving is zero.
D) investment is zero.

Question 2

According to Keynesian theory, the most important determinant of saving and consumption is

A) the stock of durable goods in the consumer's possession.
B) the stock of liquid assets.
C) the level of real disposable income.
D) the level of consumer indebtedness.