In the simple Keynesian consumption function, consumption demand is
A) a function of disposable income alone.
B) a function of disposable income and an autonomous component.
C) simply an autonomous amount exogenous to the model.
D) a function of the interest rate and an autonomous component.
E) a function of the interest rate alone.
B
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When negative externalities exist in production, _____
a. the social supply curve lies to the left of the private supply curve b. the social supply curve lies to the right of the private supply curve c. the social supply curve is identical to the private supply curve d. the private demand curve lies to the right of the social demand curve e. the private demand curve lies to the left of the social demand curve
A good that is most likely to be in the producer price index is:
A. industrial machinery. B. SUV. C. spaghetti. D. All of these are in the PPI.