In the basic Keynesian model all of the following are true EXCEPT:

A. planned net exports always equal actual net exports.
B. planned investment always equals actual investment.
C. planned consumption always equals actual consumption.
D. planned government spending always equals actual government spending.

Answer: B

Economics

You might also like to view...

If the income elasticity of food is 0.72, then food is

A) a necessity and a normal good. B) a normal good. C) a necessity. D) an inferior good.

Economics

The change in cost resulting from producing one additional unit of output is

a. average total cost b. total variable cost c. average variable cost d. marginal cost e. total cost

Economics