Keynes Asserted That Wealth Was the Most Important Determinant of Consumer

question 57

True/False

Keynes asserted that wealth was the most important determinant of consumer spending.
Keynes believed that disposable income was the most important determinant of consumer spending.

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Definitions:

Basic Traits

Fundamental personality characteristics that are relatively stable over time and across situations.

Personality

A unique combination of emotional, attitudinal, and behavioral response patterns of an individual, distinguishing one person from another.

Neuroticism

A personality trait characterized by sadness, moodiness, and emotional instability.

Divorce

The legal dissolution of a marriage by a court or other competent body.