In the Keynesian Model, Consumption Depends On

question 69

Multiple Choice

In the Keynesian model, consumption depends on:

• A)whether the government has a budget surplus or deficit.
• B)potential output.
• C)the natural rate of unemployment.
• D)disposable income.

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Definitions:

Marketing Mix

A framework consisting of the four Ps (product, price, place, and promotion) that marketers adjust to meet the needs of their target market.

Price

The sum of money anticipated, demanded, or provided as compensation for something.

Product

Any item or service offered by a business to its customers to satisfy their needs or wants.

Environmental Forces

External factors that impact businesses and organizations, including economic, social, technological, legal, and political conditions.