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Keynes Believed That Saving Is More Responsive to Changes in Income

question 37

True/False

Keynes believed that saving is more responsive to changes in income than to changes in interest rates.


Definitions:

Multigenerational

Pertaining to or affecting several generations, often used to describe families, housing, or policies that consider the needs of multiple ages.

Biological

Related to the study of living organisms and their vital processes, often emphasizing genetic and physiological attributes.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates.

Heredity

The passing of traits from parents to their offspring, either through asexual or sexual reproduction.

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