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    Exam 11: 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 115

Question 115

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 stock of durable goods in the consumer's possession.
D) the level of consumer indebtedness.

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