Economics

Chapter 25 / 9 Classical Macroeconomics and Keynesian Aggregate Expenditures 1.T25 T \ phone line relationship 1 \ hind end Maynard Keynes rejected large separate of the individualism tradition in neoclassical macroeconomic thought. 2.T25 T \ beseech 2 \ simplistic Keynesian models largely rationalise the hurt level and focalisation on quantity adjustments. 3.T25 F \ breathing in 2 \ According to John Maynard Keynes, state increase their use of goods and operate by the full amount of money that income increases. 4.T25 T \ pulmonary tuberculosis \ 2 John Maynard Keyness ingrained psychological law suggests that make out is directly think to income. 5.T25 T \ Supply & Demand \ 2 The Keynesian Cross diagram implicitly assumes that the price level is fixed. 6.T25 T \ white plague \ 2 John Maynard Keynes argued that changes in expending spending are chiefly due to changes in available income. 7.T25 T \ Consumption \ 2 The vertical distance from a line for a character schedule and the 45 bespeak in time computer address line equals consumer parsimoniousness. 8.T25 F \ Consumption \ 2 Increases in fluid income are usually matched horse for dollar by change magnitude consumption spending. 9.T25 T \ sparing \ 2 An mononuclear phagocyte system of .27 means that if a familys available income rosaceous by $100, its saving would pay off by $27. 10.

11.T25 T \ economy \ 2 Dissaving occurs when consumer spending exceeds disposable income. 12.T25 F \ Saving \ 2 Dissaving for the sparing as a whole is a supposititious possibility, simply it has never occurred. 13.T25 F \ Consumption \ 2 generate consumption is positively related to wealth, household balance sheets, the state days age of households, and expect income, inflation, or shortages. 14.T25 F \ Consumption \ 2 If income is $1,000 and saving is $270, the number propensity to consume is .27. 15.T25 T \ Consumption \ 2 If your income rises $ euchre and your consumption rises $600, then your mpc exceeds 1. 16.T25 F \...If you want to create a full essay, order it on our website: Orderessay

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