Multiple Choice
Classical economists claim that _____ is the primary determinant of saving, and Keynes claimed that _____ is the primary determinant of saving.
A) the interest rate; income
B) income; the interest rate
C) taxes; government spending
D) GDP; disposable income
Correct Answer:

Verified
Correct Answer:
Verified
Q79: Negative saving, by definition, is impossible.
Q80: Suppose the economy has more savings than
Q81: If disposable income is $3,000 and saving
Q82: The increase in aggregate spending needed to
Q83: A depression economy has considerable slack; therefore<br>A)
Q85: Which one of these helps determine consumption
Q86: With respect to income, the investment schedule
Q87: The average propensity to consume is calculated
Q88: What are the determinants of consumption and
Q89: Keynes believed that saving is a function