The income consumption curve generally?

Related MCQs

• In the simple Keynesian model, if the tax function is given by T=0.15Y and the consumption function is C= 50 + 0.7 YD then a 10-unit ncrease in government spending would increase equilibrium income by
• Suppose that the MPC out of disposable income was 0.8 and the tax function for a given economy was T= -30+0.25Y. an increase in the intercept of the tax function of 10 units(from -30 to -20 would cause equilibrium income in the simple Keynesian model to fall by
• Assuming a simultaneous deduction in income taxes and transfer payments of $50 billion, then aggregate disposable income will
• The typical indifference curve ……..
• Indifference curve analysis is based on the principles of
• Demand curve slopes downwards because of
• An exceptional demand curve is one that slopes
• When the demand curve is a rectangular hyperbola, it represents:
• The horizontal demand curve for a commodity shows that its demand is:
• A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to: