In the basic Keynesian model, the major determinant of consumption expenditures is:
A)the interest rate.
B)inflation.
C)investment.
D)disposable income.

Name: In the basic Keynesian model, the major determinant of consumption expenditures is: A)the interest rate. B)inflation. C)investment. D)disposable income.
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Question

Quizplus · Accepted Answer

In the basic Keynesian model, consumption expenditures are primarily determined by disposable income, which is the income available to households after taxes.

In the Basic Keynesian Model, the Major Determinant of Consumption