Economics

Economics



ECONOMICSADAM GOFF

Chapter 8 Quiz

Keynesian theory was introduced with the book:

C.

According to Keynesian theory:

D.

According to Keynesian theory:

D.

According to Keynesian theory:

B.

According to Keynesian theory:

C.

Consumption:

A.

If disposable income increases from $15,000 to $18,000, and consumption increases from $13,000 to $15,250, the marginal propensity to consume is:

C.

If disposable incomes from $17,000 to $21,500, and consumption increases from $14,000 to $17,150, the marginal propensity to consume is:

B.

If the MPC is .60, and government purchases increases by $50 billion, what is the resulting change in Real GDP?

A.

If a decrease in investment of $75 billion leads to a decrease in Real GDP of $225 billion, the MPC must ...