According to Keynes,the Consumption-Income Relationship Is Shown as C =

question 11

Multiple Choice

According to Keynes,the consumption-income relationship is shown as C = a + bY_D.Therefore,the saving-income relationship is

• A)S = a + (1 − b)Y_D.
• B)S = − a + (1 − b)Y_D.
• C)S = a + (1 − b)/Y_D.
• D)S = − a + (1− b)/Y_D.

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Definitions:

Six-figure Accuracy

A level of precision or exactness in measurements or calculations that extends to six digits.

Evaluate

The process of assessing or calculating the value or amount of something, often applied in financial analysis or decision-making.

Exponent Laws

Definition: Rules governing the operations on powers, including product, quotient, power of a power, zero and negative exponents.

Simplify

By distilling something to its essential parts, this process aims to decrease complexity and enhance understanding.