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ECS1601-25-Y
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Use a Keynesian model (without a government and foreign sector) to calculate the answer for the question:
- Full employment output = R80 million
- Investment= R20 million
- Autonomous consumption = R15 million
- The marginal propensity to consume = 0,6
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In the simplest possible Keynesian macroeconomic model …
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Which of the following statements regarding the consumption function is correct?
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An increase in autonomous consumption will result in_____.
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If the interest rate is high, investment will be____________ , and if income increases it will have ___________ on investment because investment is ____________ type of spending.
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Which of the following is likely to shift the consumption schedule upwards?
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The equation C = 45 + 0.75Y, where C is consumption and Y is income, tells us that…
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Gross domestic product (GDP) may be defined as ...
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If we were to add up the value of output of all firms in the economy, we would
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Which one of the following is an example of an intermediate good?
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