The Keynesian Consumption Function Implies That at a Given Moment

question 98

Multiple Choice

The Keynesian consumption function implies that at a given moment persons with high incomes are saving ________ persons with low incomes,a prediction which is ________ by actual cross-section consumption data.

• A)a lower fraction of income than,confirmed
• B)a lower fraction of income than,not confirmed
• C)a higher fraction of income than,confirmed
• D)a higher fraction of income than,not confirmed
• E)the same fraction of income as,confirmed

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Definitions:

Epidermis

The outermost layer of cells covering an organism, notably the skin of animals or outer layer of leaves in plants.

Endodermis

The innermost layer of cells in the cortex of a plant root, serving as a selective barrier that regulates the passage of substances from the soil into the vascular cylinder.

Sieve Tube

Sugar-conducting tube of phloem; consists of stacked sieve elements.