• Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

Card Range To Study

through

image

Play button

image

Play button

image

Progress

1/4

Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

4 Cards in this Set

  • Front
  • Back

According to Keynes, the level of consumption spending by household depends primarily on

The level of disposable income

The consumption function shows that when disposable income increases, consumption spending

Increases by a smaller amount

The marginal propensity to consume is defined as

The fraction of each additional dollar of disposable income that household spend on consumption

A recessionary expenditure gap is

The amount by which total spending falls short of what is needed to achieve full employment