Economics 2152A/B Chapter Notes - Chapter 4: Consumption Function, Pearson Education, Dow Jones Industrial Average

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Diff: 1 type: mc page ref: 108: franco the economist uses data for canada to estimate a keynesian consumption function: In this equation, what is the marginal propensity to consume: 0. 46, 0. 50, 0. 92, 1. 38. Diff: 2 type: mc page ref: 109: the canadian consumption function is given by c = 50 + 0. 75 y. Diff: 1 type: mc page ref: 111: aunt agatha has just left her nephew . The most likely response is for her nephew to: increase current consumption, but not future consumption, decrease current consumption, but increase future consumption, increase future consumption, but not current consumption, increase both current consumption and future consumption. Diff: 1 type: mc page ref: 111: the stock market just crashed; the dow jones industrial average fell by 750 points. Diff: 2 type: mc page ref: 111: the housing price in canada nearly doubled in the period 1995-2006.

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