A consumption function of the form C = Co + cYD has a positive vertical intercept Co, which indicates that
A. some consumption is unaffected by changes in disposable income
B. the mpc will increase as disposable income increases
C. the apc will always increase as disposable income increases
D. the apc will always be less than the mpc
E. all of the above
查看答案
The marginal propensity to consume (mpc)
A. shows the fraction of total national income that is used for consumption
B. added to the marginal propensity to save (mps) always equals zero
C. is the relationship between a change in consumer purchases and the change in disposable income that allows consumption to change
D. declines as disposable income declines, eventually becoming zero as disposable income reaches zero
E. decreases as autonomous saving increases
In a Keynesian model of income determination, when intended spending is greater than actual output, the adjustment to a new macro-economic equilibrium is based on changes in
A. autonomous consumption
B. unplanned inventories
C. government spending
D. net exports
E. all of the above
Total autonomous spending
A. is dependent on the level of output
B. is only determined by the equation for the consumption function
C. is not part of aggregate demand
D. is independent of the level of income
E. increases when disposable income increases
The rule that tells a central bank how to set interest rates in response to changes in economic activity is known as the
A. federal funds rule
B. interest rate rule
C. monetary growth rule
D. Taylor rule
E. Friedman rule
微信支付 
支付宝支付