According to Keynes

question 101

Multiple Choice

According to Keynes

• A) consumption is positively related to the interest rate.
• B) consumption is directly related to income but saving is inversely related to income.
• C) both consumption and saving are positively related to real disposable income.
• D) consumption is directly related to income but saving has no relationship with income.

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Definitions:

Corporate Rate

A specially negotiated price for services, typically offered to businesses or organizations for their employees or members.

Revenue Management

An economic strategy to optimize income by predicting consumer behavior at the micro-market levels and adjusting product availability and price.

Goods Combinations

The mix of different products or services that a company offers, taking into account how different items complement or substitute for one another.

Standard Deviation

A measure of the dispersion or variation in a set of values, indicating how much the values deviate from the mean of the set.