Classical Economists Claim That _____ Is the Primary Determinant of Saving

question 84

Multiple Choice

Classical economists claim that _____ is the primary determinant of saving, and Keynes claimed that _____ is the primary determinant of saving.

• A) the interest rate; income
• B) income; the interest rate
• C) taxes; government spending
• D) GDP; disposable income

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Definitions:

Passive Euthanasia

The act of allowing a person to die by withholding or withdrawing medical treatment that would extend their life.

Bereaved Child

A child who has experienced the death of a close family member or friend, which can significantly impact their emotional and psychological well-being.

Euphemisms

Mild or indirect words or expressions substituted for ones considered harsh or blunt when referring to something unpleasant or embarrassing.

Early Adulthood

A life stage spanning from approximately 20 to 40 years of age, marked by pursuits such as higher education, career establishment, and forming long-term relationships.