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
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Refer to Figure 11-1. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so, these countries were essentially preventing a moment from
A) A to B. B) B to C. C) D to C. D) B to A.
You own shares in a start-up internet company. If large swings in the stock market increase financial investors' concerns about market risk, then the price of your shares will ________, holding other factors constant.
A. either increase or decrease B. increase C. not change D. decrease
For economists, ____________ goods include all manufactured aids used in producing consumer goods and services.
Fill in the blank(s) with the appropriate word(s).
If an economy can produce a maximum of 100 units of good X and the opportunity cost of 1X is always 5Y, then what is the maximum number of units of good Y the economy can produce?
What will be an ideal response?