Keynes believed that changes in autonomous spending were dominated by changes in

In the Solow growth model, an increase in the marginal propensity to consume shifts the ________, with the implied change in the capital stock resulting in a ________ standard of living in the long run

A) steady-state investment line upward, higher B) steady-state investment line downward, higher C) national saving line upward, lower D) national saving line upward, higher E) national saving line downward, lower

An inferior good is one that consumers buy in smaller quantities when incomes rise

a. True b. False Indicate whether the statement is true or false