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:

Maintain Associations

The ongoing effort to keep relationships or connections between entities or concepts active and beneficial.

Offer Rewards

The practice of providing incentives or compensation to encourage specific behaviors or actions.

Ethnomethodological

Refers to the study of the methods and practices people use in everyday life to understand and produce the social order.

Conversational Analysis

A method in social science that studies the structure and patterns of conversation and how participants understand and respond to each other in spoken interaction.