John Maynard Keynes believed that:
A)consumers will save more if the interest rate is high.
B)consumers will consume more if the interest rate is high.
C)if consumers consume less, the interest rate will be high.
D)the interest rate is relatively unimportant to the consumption decision.

Question

Quizplus · Accepted Answer

Keynes believed that consumption decisions are primarily driven by income rather than interest rates, making the interest rate relatively unimportant in determining consumption.

John Maynard Keynes Believed That