According to Keynes, an individual's level of saving is primarily determined by
A) the individual's current level of disposable real income.
B) the individual's assessment of the future direction of the stock market.
C) real Gross Domestic Product (GDP) for the economy.
D) the interest rate.
A
Economics
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The work of a firm's manager is
a. entrepreneurship b. human capital c. labor d. more difficult and deserving of a higher reward than the work of labor e. essentially to assume risk and uncertainty
Economics
When entry barriers are low, firms in a competitive price-searcher market
a. can expect many new rivals to enter regardless of current profitability. b. can expect competing firms to enter the market if the activity is profitable. c. can never earn economic profit. d. will always be able to earn economic profit.
Economics