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    Exam 12: Consumption, Real GDP, and the Multiplier
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    According to Keynesian Theory, the Most Important Determinant of Saving
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According to Keynesian Theory, the Most Important Determinant of Saving

Question 38

Question 38

Multiple Choice

According to Keynesian theory, the most important determinant of saving and consumption is


A) the level of real disposable income.
B) the stock of liquid assets.
C) the returns on stocks and bonds
D) the level of consumer indebtedness.

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