【曼昆 宏观经济学 经典】Mankiw 5e Chapter 16.pdfVIP

Mankiw 5e Chapter 16 The first economist to give the consumption function a key role in macroeconomic analysis was A. John Maynard Keynes. B. Franco Modigliani. C. Milton Friedman. D. Irving Fisher. 1 out of 1 Correct. The answer is A. See Section 16-1 for a discussion of Keyness contribution to the theory of consumption. Keynes posited that the ratio of consumption to income, called the average propensity to consume, A. rises with income. B. is constant and equal to 0.50. C. is constant and equal to 1. D. falls as income rises. 1 out of 1 Corr