According to Keynes,the Primary Determinant of a Person's Saving Is

question 22

Multiple Choice

According to Keynes,the primary determinant of a person's saving is not

• A)the person's level of income,but is the desired real income of the person.
• B)the person's level of savings,but is the expected interest rate in the near future.
• C)the interest rate,but is the level of savings the person has.
• D)the interest rate,but is the level of the person's real income.

---

Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to provide, holding other factors constant.

Demand Curve

A curve that illustrates the quantity of a product that consumers are willing and able to purchase at various prices, showing the inverse relationship between price and quantity demanded.

Levied

Imposed or collected, usually referring to taxes, duties, or other charges by an authority.

Demand Curve

A chart that illustrates the connection between a product's cost and the amount of the product customers are prepared to buy at different price levels.