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:

Production Cycle

The series of steps involved in producing a good or service, from initial raw materials to the finished product.

Kanban

A visual scheduling system that controls the logistical chain from a production point of view, aiming to improve manufacturing efficiency by limiting work-in-progress items.

Safety Stock

Additional inventory kept on hand to guard against stockouts caused by uncertainties in demand and lead-time.

Kanbans

A scheduling system for lean manufacturing and just-in-time (JIT) production that signals the need to move materials within a production facility.