During World War II, economists using John Maynard Keynes's theory predicted that the rate of saving after the war would be very:
A) high, and that is what happened.
B) low, and that is what happened.
C) low, but that did not happen.
D) high, but that did not happen.
Correct Answer:
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Q2: Empirical evidence finds that the average propensity
Q3: John Maynard Keynes believed that the average
Q4: If the Keynesian consumption function is
Q5: Empirical evidence finds that the average propensity
Q6: Kuznets' data showed a short-run consumption function
Q7: The consumer's budget constraint reflects the fact
Q8: John Maynard Keynes believed that the marginal
Q9: Simon Kuznets found that, over long periods
Q10: The consumption decisions of individuals are not
Q11: A consumer's budget constraint for two periods
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