This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the Keynesian aggregate consumption-income graph, the vertical distance between the consumption ... (Read 103 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


SO00

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Jun 30, 2018
Thank you :)


ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Measuring BMR via oxygen consumption with indirect calorimetry. Measuring BMR via oxygen consumption with indirect calorimetry.
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
Positive velocity graph Positive velocity graph
Consumption of animal products "استهلاك المنتجات الحيوانية" Consumption of animal products "استهلاك المنتجات الحيوانية"
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
This graph illustrates how unattached older adults are poorer than their peers who live in families This graph illustrates how unattached older adults are poorer than their peers who live in families
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library