Which of the following is a characteristic of consumption according to Keynes?
A) consumption depends on disposable income
B) consumption and disposable income have a direct relationship
C) when disposable income changes, consumption changes by less
D) a and c
E) a, b, and c
E
Economics
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Which of the following is infrastructure?
a. Highways. b. Bridges. c. Airports. d. All of these.
Economics
The purpose of the ceteris paribus assumption used in economic analysis is to:
A. Avoid making normative statements B. Distinguish macroeconomics from microeconomics C. Make sure that all relevant factors are considered D. Focus on the effect of a single factor on a certain variable
Economics