If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 total consumption is what ?

A. 0.8
B. 800
C. 810
D. 0.81

If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the average propensity to consume is what ?

A. 0.8
B. 800
C. 810
D. 0.81

An increase in consumption at any given level of income is likely to lead to ?

A. A fall is savings
B. An increase in exports
C. A fall in taxation revenue
D. A decrease in import spending

Injections ?

A. Decrease aggregate demand
B. Always equal savings
C. Always equal national income
D. Include investment and export spending

A significant increase in the government budget deficit is likely to ?

A. Reduce injections into the economy
B. Reduce national income
C. Move the economy away from full employment
D. Boost aggregate demand

Injections are?

A. Assumed to be exogenous
B. Assumed to be a function of national income
C. Decrease aggregate demand
D. Decrease the investment into an economy

A deflationary policy could include ?

A. Increasing injections
B. Reducing taxation rates
C. Reducing interest rates
D. Reducing government spending

Which of the following is an injection into the economy ?

A. Investment
B. Savings
C. Taxation
D. Imports spending

In a boom ?

A. Unemployment is likely to fall
B. Prices are likely to fall
C. Demand is likely to fall
D. Imports are likely to grow

If the price elasticity is -0.3 this means ?

A. Demand is upward sloping
B. Demand is price elastic
C. A price fall would increase revenue
D. Demand is price inelastic