How Does the Classical Position on Saving Differ from Keynes's

question 46

Multiple Choice

How does the classical position on saving differ from Keynes's position?

• A) Classical position: people save more at lower interest rates.Keynes's position: people save less at lower interest rates.
• B) Classical position: changes in the interest rate are irrelevant to saving decisions.Keynes's position: saving is directly related to the interest rate.
• C) Classical position: saving is directly related to the interest rate.Keynes's position: at times,saving may be inversely related to the interest rate.
• D) Classical position: saving can be inversely related to the interest rate.Keynes's position: consumption rises as saving rises.
• E) none of the above

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Definitions:

Ideal Self-concept

Ideal self-concept pertains to how individuals would like to see themselves, embodying their aspirations and values.

Persona

A detailed profile of a hypothetical or fictional character representing a key segment of a product’s target audience, used in marketing and product design to empathize with customer needs.

Abstract Self-concept

An individual's perception about themselves that is not tied to physical or material reality but consists of beliefs, feelings, and how they see their personality traits.

Deconstructed Self-concept

Refers to the process of breaking down one's self-identity into various components to better understand the influences and factors that shape their sense of self.