The classical economists believed __________ determined savings,while Keynes said it was __________.
A) interest rates; income
B) income; investment
C) investment; interest rates
D) interest rates; investment

Question

Quizplus · Accepted Answer

The classical economists believed that interest rates determined savings, which means that people save more when interest rates are high. On the other hand, Keynes said that it was income that determined savings, which means that people save more when their income is higher.

The Classical Economists Believed __________ Determined Savings,while Keynes Said It