According to Keynesian theory, the most important determinant of saving and consumption is
A) the stock of durable goods in the consumer's possession.
B) the stock of liquid assets.
C) the level of real disposable income.
D) the level of consumer indebtedness.
C
Economics
You might also like to view...
In recent years, average household income in the United States was highest for households headed by someone aged
A) 35 to 44. B) 45 to 54. C) 55 to 64. D) 65 and over.
Economics
If marginal cost is less than average total cost, then ________ is ________
A) average total cost; falling B) average variable cost; falling C) marginal cost; falling D) marginal cost; rising
Economics