The Keynesian formulation “Savings is a function of Income” is known as
Tap an option to check your answer.
1 mark, −0.33MacroeconomicsConsumption and investmentThe Keynesian consumption functionEasyabout 1 min
UoH 2012 Question 49: Consumption and investment
Answer and worked solution
Checking your account…
Consumption and investment has come up 74 times in 7 exams since 2005.
What this question tests
This question is on The Keynesian consumption function, part of Consumption and investment in Macroeconomics.
Consumption as a function of current income: the propensities to consume and save.
TestStop has 17 past-paper questions on this subtopic; the nearest in year are below.
Similar questions from other papers
- The permanent income hypothesis was propounded by:
- In an economy, which one of the following relates private investment to the stock market?
- Which one of the following statements is CORRECT in the context of the Keynesian Absolute Income Hypothesis?
- Match List - I with List - II: List-I: A. Life Cycle Hypothesis; B. Drift Theory; C. Ratchet Effect; D. Permanent Income Hypothesis List-II: I. Milton Friedman; II.…
- Which of the following is not correct about residential investment?
Question from the UoH 2012 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.