The Classical Economists Believed __________ Determined Savings,while Keynes Said It

question 195

Multiple Choice

The classical economists believed __________ determined savings,while Keynes said it was __________.

• A) interest rates; income
• B) income; investment
• C) investment; interest rates
• D) interest rates; investment

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Definitions:

Income Increased

A rise in the amount of money earned from work, investments, or other sources.

Consumption of Strawberries

Refers to the amount of strawberries that are eaten or used by consumers within a specific period.

Commodity X

A placeholder term for any generic good or service in economic discussions or models.

Commodity Y

A generic term for any tradable good or material product that is interchangeable with other goods of the same type.