John Maynard Keynes Believed That

question 27

Multiple Choice

John Maynard Keynes believed that:

• A)consumers will save more if the interest rate is high.
• B)consumers will consume more if the interest rate is high.
• C)if consumers consume less, the interest rate will be high.
• D)the interest rate is relatively unimportant to the consumption decision.

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Definitions:

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