Which of the following statements is (are)incorrect?
A)Consumption plays a central role in the Keynesian theory of income determination
B)Consumer expenditure is the largest component of aggregate demand
C)In recent years,consumption has totaled between 60 and 70 percent of GDP
D)Keynes believed that investment was largely determined by expectations
E)all of the above are correct

Question

Quizplus · Accepted Answer

All the statements provided are correct. A) highlights the importance of consumption in Keynesian economics. B) is accurate as consumer spending typically constitutes the largest part of aggregate demand in economies. C) is true as consumption often accounts for 60-70% of GDP in many countries. D) reflects Keynes's view that investment decisions are significantly influenced by expectations about the future.

Which of the Following Statements Is (Are)incorrect