Keynes suggested that decisions to consume and save were based on ?
A. previous decisions
B. absolute income
C. relative income
D. permanent income
A. previous decisions
B. absolute income
C. relative income
D. permanent income
A. its scrap values
B. its depreciation
C. the present value of the future stream of income it can earn
D. the cost of loans
A. protecting the interest of the ruling elite only
B. helg the poor and homeless
C. bringing peace to its citizens
D. directing the economy
A. Rolling debt
B. Bad debt
C. Rescheduling
D. Default
A. cult
B. charismatic movement
C. fundamentalist movement sect
D. ecclesia
A. Frictional Unemployment would fall
B. The official unemployment rate would probably understate true unemployment
C. The official unemployment rate would probably overstate true unemployment
D. There would be no impact on the official unemployment rate
E. None of these answers
A. automatic stabiliser
B. multiplier
C. elasticity coefficient
D. marginal propensity of the autonomous variable