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
Correct Answer:
Verified
Q45: Keynes's major work,The General Theory of Employment,Interest
Q46: Q47: Total production Q48: The efficiency wage model contains the assumption Q49: Consumption and disposable income are Q51: According to the efficiency wage model,firms tend Q52: In a recessionary gap,the implications of downward Q53: When total production is greater than total Q54: Who would be most likely to agree Q55: ![]()
A) always equals total expenditures.
B) equals
A) indirectly related.
B)![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents