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

question 194

Multiple Choice

According to Keynes, the primary determinant of a person's saving is NOT

• A) the person's level of income but the desired real income of the person.
• B) the person's level of savings but the expected interest rate in the near future.
• C) the interest rate but the level of savings the person has.
• D) the interest rate but the level of the person's real disposable income.

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Definitions:

Rational Beings

Rational Beings refers to individuals who are capable of making reasoned decisions based on logical thinking and empirical evidence.

Outcomes

The results or consequences of actions, decisions, or processes.

Concessions

Compromises or adjustments made by a negotiator to reach an agreement in a negotiation.

Clear Winners

Refers to situations where the outcome is distinctly favorable for some participants over others, often used in competitive contexts.