Examlex
According to Keynes, the primary determinant of a person's saving is NOT
Income
The financial gain received by an individual or a business in exchange for providing a good or service or through investing capital.
Price
The amount of money required to purchase a good or service, determined by factors such as demand, supply, and production cost.
Law Of Demand
The claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises
Price
The monetary value assigned to a product or service, determined by various factors including supply and demand, production cost, and market competition.
Q48: Classical economists argued that<br>A) there would always
Q58: If real Gross Domestic Product (GDP) is
Q72: Supply-side economics<br>A) promotes expansionary fiscal policy by
Q97: The idea that supply creates its own
Q144: Refer to the above figure. Suppose the
Q199: Classical economists assumed that<br>A) prices were flexible.<br>B)
Q216: Refer to the above figure. As the
Q229: Tax policy conducted for the purpose of
Q230: What is discretionary fiscal policy and what
Q315: Saving equals<br>A) disposable income minus taxes.<br>B) disposable