According to Keynes the most important determinant ofconsumption
A)rate of interest
B)saving
C)income
D)investment

Question

Quizplus · Accepted Answer

According to Keynes, the most important determinant of consumption is income. He proposed that as people's income increases, their consumption also increases, but at a slower rate than the increase in income. This relationship is central to Keynesian economics and is described by the consumption function.

According to Keynes the Most Important Determinant Ofconsumption