In the Keynesian model of income determination, consumer expenditure includes spending by
A. consumers on personal computers.
B. businesses on personal computers.
C. governments on personal computers.
D. all of the above since computers are consumer durables.
Answer:A
In the Keynesian model of income determination, consumer expenditure includes spending by
A. consumers on personal computers. B. businesses on personal computers. C. governments on personal computers. D. all of the above since computers are consumer durables.