According to Keynes, the primary determinant of a person's saving is NOT
A) the person's level of income but the desired real income of the person.
B) the person's level of savings but the expected interest rate in the near future.
C) the interest rate but the level of savings the person has.
D) the interest rate but the level of the person's real disposable income.
Correct Answer:
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Q48: According to Keynesian theory, the most important
Q49: Suppose that when disposable income increases by
Q50: The consumption function shows the relationship
A) between
Q51: When Monica spends more than her disposable
Q52: The relationship between planned consumption expenditures and
Q54: Which of the following is TRUE?
A) MPC
Q55: Suppose that when disposable income increases by
Q56: Suppose that when disposable income increases by
Q57: According to Keynes, planned consumption
A) decreases as
Q58: According to Keynes, an individual's level of
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