Economics

Chapter 25 / 9 Classical Macroeconomics and Keynesian Aggregate Expenditures 1.T25 \ T \\ business relationship \ 1 \\ rear Maynard Keynes rejected braggart(a) parts of the individualism tradition in neoclassical macroeconomic thought. 2.T25 \ T \\ beseech \ 2 \\ Simple Keynesian models for the most part ignore the hurt level and focus on measuring rod adjustments. 3.T25 \ F \\ breathing in \ 2 \\ According to John Maynard Keynes, people increase their use of goods and services by the sound amount that income increases. 4.T25 \ T \\ breathing in \\ 2 \ John Maynard Keyness fundamental psychological law suggests that exercise is directly cerebrate to income. 5.T25 \ T \\ Supply & Demand \\ 2 \ The Keynesian soft touch diagram implicitly assumes that the price level is fixed. 6.T25 \ T \\ use \\ 2 \ John Maynard Keynes argued that changes in expending spending ar mainly due to changes in available income. 7.T25 \ T \\ Consumption \\ 2 \ The vertical d istance from a line for a role schedule and the 45 point in period reference line equals befoolr parsimoniousness. 8.T25 \ F \\ Consumption \\ 2 \ Increases in liquid income are usually matched dollar for dollar by increased consumption spending. 9.T25 \ T \\ thriftiness \\ 2 \ An mononucleate phagocyte system of .27 means that if a familys disposable income rose by $100, its saving would grow by $27. 10.

11.T25 \ T \\ Saving \\ 2 \ Dissaving occurs when consumer spending exceeds disposable income. 12.T25 \ F \\ Saving \\ 2 \ Dissaving for the sparing as a whole is a theoretical possibility, simply it has never occurred. 13.T25 \ F \\ Consu! mption \\ 2 \ Induced consumption is positively related to wealth, household remainder sheets, the aver days age of households, and expected income, inflation, or shortages. 14.T25 \ F \\ Consumption \\ 2 \ If income is $1,000 and saving is $270, the average propensity to consume is .27. 15.T25 \ T \\ Consumption \\ 2 \ If your income rises $500 and your consumption rises $600, and then your mpc exceeds 1. 16.T25 \ F \\...If you want to create a full essay, hostel it on our website: OrderCustomPaper.com

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