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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.

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