The most important determinant of consumption and saving is the:
A. level of bank credit.
B. level of income.
C. interest rate.
D. price level.
B. level of income.
Economics
You might also like to view...
Microeconomics is a branch of economics that examines the impact of choices on aggregates in the economy.
a. true b. false
Economics
Which of the following would you expect to result in faster economic growth?
A) a decrease in research and development spending B) a decrease in the stock of capital per worker C) a decrease in the average level of education in the economy D) the invention of new computers that increase labor productivity
Economics