Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A) Keynes believed that the level of investment depends on more than just the interest rate.
• B) Saving is the difference between disposable income and consumption.
• C) Keynes believed that saving is more responsive to changes in income than to changes in the interest rate.
• D) According to Keynes,wage rates may fall too quickly when the economy is in a recessionary gap.

---

Definitions:

Variable Cost Per Unit

The cost that varies with the level of output or activities, calculated on a per-unit basis.

Units Sold

The total quantity of products sold by a business during a specific period.

Period Costs

Costs that are not directly tied to the production process and are expensed in the period in which they occur, such as selling, general, and administrative expenses.

Financial Reporting

The process of disclosing financial information and data about a company's financial performance, position, and cash flows to stakeholders and the public.