) During recent Global Economic Crises, U. household liabilities have -remained the same -quadrupled -increased -decreased 2.) Should autonomous...
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Question

1.) During recent Global Economic Crises, U.S. household liabilities have-remained the same-quadrupled-increased

-decreased

2.) Should autonomous consumption fall by one dollar, the effect of this on equilibrium income can be offset if government expenditure

-rises by one dollar.

-rises by c/(1 - c) dollars.

-falls by 1/(1 - c) dollars.

-rises by 1/(1 - c) dollars.

-falls by one dollar.

3.) When interest rate rise consumers will

-compare loan payments with the desirability of goods today and increase consumption.

-compare loan payments with the desirability of goods in the future and increase consumption.

-wait to borrow funds when interest rates fall.

-none of above.

4.) In the simplest Keynesian model of the determination of income, interest rates are assumed to be

-endogenous and to gradually change.

-exogenous and to remain constant.

-exogenous and to gradually change.

-endogenous and to remain constant.

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