Which One of the Following Statements Is True

question 426

Multiple Choice

Which one of the following statements is true?

• A) In the classical model, the supply of saving is determined by the rate of interest.
• B) In the classical model, the supply of saving is determined by the level of income.
• C) In the Keynesian model, the supply of saving is determined by the rate of interest.
• D) In the Keynesian model, the supply of saving is determined by the level of investment.

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Definitions:

Confidence Interval

A range in statistics that, with a specified probability, is expected to encompass the actual value of a parameter from an unspecified population.

Unpopped Kernels

Kernels of popcorn that did not explode and pop when heated in the popcorn-making process.

Microwave Popcorn

A type of popcorn that's packaged for cooking in a microwave oven, designed for convenience and quick preparation.

Confidence Interval

A range of values derived from sample data that is likely to contain the value of an unknown population parameter.