According to Keynes, the Primary Determinant of a Person's Saving

question 378

Multiple Choice

According to Keynes, the primary determinant of a person's saving is

• A)the nominal interest rate.
• B)the real interest rate.
• C)the level of the person's consumption spending.
• D)the level of the person's real current income.

---

Definitions:

Infantile Amnesia

The inability of adults to recall autobiographical memories from the first few years of life, typically before the age of 3 or 4.

Conscious Memories

Memories that can be intentionally recalled, such as facts or events that one has consciously experienced and stored in memory.

Egocentrism

A cognitive bias involving an inability to differentiate between one's own perspective and someone else's perspective.

Imprinting

A form of learning occurring at a specific life stage that is rapid and apparently independent of the consequences of behavior.