Problem
1. What are the four components of planned expenditure and why did Keynesian analysis emphasize this concept?
2. According to the consumption function what variables determine aggregate spending on consumer goods and services? How is consumption related to each of these variables?
3. What are the two types of planned investment spending?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.