One of the following is not assumption of the Keynesians explanation for income determination in a closed economy without government Select one: a. Induced consumption is not related to the level of income b. Autonomous consumption is not income inelastic c. None of options are correct d. Government spending is exogenously determined
One of the following is not assumption of the Keynesians explanation for income determination in a closed economy without government Select one: a. Induced consumption is not related to the level of income b. Autonomous consumption is not income inelastic c. None of options are correct d. Government spending is exogenously determined
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
Section: Chapter Questions
Problem 7QP
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One of the following is not assumption of the Keynesians explanation for income determination in a closed economy without government
Select one:
a. Induced consumption is not related to the level of income
b. Autonomous consumption is not income inelastic
c. None of options are correct
d. Government spending is exogenously determined
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