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I only need 150 word response to the question below. No more than this is necessary XXXXXXXXXXPlease discuss the incomes and expenditures in terms of the Keynesian model. You can agree and/or disagree...

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I only need 150 word response to the question below. No more than this is necessary XXXXXXXXXXPlease discuss the incomes and expenditures in terms of the Keynesian model. You can agree and/or disagree with the Keynesian assumptions.
Answered Same Day Dec 21, 2021

Solution

Robert answered on Dec 21 2021
129 Votes
Keynesian model requires Aggregate expenditure to be equal aggregate supply (or income) at
equili
ium.
Aggregate expenditure (AD) = C (consumption expenditure) + I (investment expenditure)
+government expenditure
The Keynesian consumption function has one autonomous component and one induced
component. The autonomous component is not dependent on income because some consumption...
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