John Maynard Keynes believed that:
A) consumers would save more if the interest rate was high.
B) consumers would consume more if the interest rate was high.
C) if consumers consume less, the interest rate will be high.
D) the interest rate is relatively unimportant to the consumption decision.

Question

Quizplus · Accepted Answer

Keynes believed that consumption decisions are primarily driven by income rather than interest rates, making the interest rate relatively unimportant in this context.

John Maynard Keynes Believed That