According to Keynes,an individual's level of saving is primarily determined by
A) the interest rate.
B) the individual's current level of real income.
C) the individual's assessment of the future direction of the stock market.
D) real GDP for the economy.
Correct Answer:
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Q7: If consumption spending exceeds income,we have
A)dissaving.
B)hoarding.
C)savings.
D)investment.
Q8: Figure 9-1 Q9: The relationship between households' planned consumption expenditures Q10: Keynesian theory is based on the belief Q11: Figure 9-1 Q14: Dissaving occurs when Q15: At a level of real disposable income Q17: According to Keynes,household planned consumption Q60: Saving equals Q132: In the Keynesian model, consumption
A)income exceeds consumption.
B)planned savings is
A)decreases as disposable
A) disposable income minus taxes.
B) disposable
A)is positively related
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