Which of the following is NOT a key feature of Keynesian economics? The dependency of consumption on income, which is called the consumption function The multiplier effect of an autonomous spending on GDP Inflation as a function of interest rate The marginal efficiency of investment as a measure of business demand for investment
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- Keynesian economics emphasizes the consumption function, where consumption depends on income. - It highlights the multiplier effect, where autonomous spending impacts GDP more than one-for-one. - It focuses on investment decisions influenced by Show more…
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