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.

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Definitions:

Adjusting Entries

Documentation of transactions at the conclusion of a financial cycle to accurately apportion profits and costs to the period they were realized.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used to prepare financial statements.

Ledger Accounts

A record within the general ledger that is used to collect and store balance and transaction information for individual items such as assets, liabilities, equity, revenues, and expenses.