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Author Question: In the Keynesian consumption function, if current income is equal to zero, consumption spending is ... (Read 114 times)

Starlight

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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

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

C

Answer to Question 2

C


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