The Keynesian consumption function implies that at a given moment persons with high incomes are saving ________ persons with low incomes, a prediction which is ________ by actual cross-section consumption data

A) a lower fraction of income than, confirmed
B) a lower fraction of income than, not confirmed
C) a higher fraction of income than, confirmed
D) a higher fraction of income than, not confirmed
E) the same fraction of income as, confirmed

C

Economics

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Who had served as a de facto lender of last resort during the 1907 panic?

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