Keynes believed that when savings exceeds investment
A. the interest rate will decline and equate savings and investment.
B. excessive savings will reduce demand and result in unemployment.
C. wage rates would decline reducing excess savings.
D. prices would increase causing savings to be reduced.
B. excessive savings will reduce demand and result in unemployment.
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Daniel owns a coffee kiosk. All of his employees work 8 hours per day. In 2011, he employed 6 people who produced a total of 912 cups of coffee each day. In 2012, he hired a seventh employee and production increased to 1008 cups of coffee each day. In Daniel's kiosk, productivity
a. increased by about 10.5 percent b. increased by 9.5 percent c. decreased by about 5.6 percent d. decreased by about 5.3 percent
Which president had to cope with both rising deficits and a rising rate of inflation?
A. John Kennedy B. Dwight Eisenhower C. Jimmy Carter D. Ronald Reagan
Nobel Prize-winning economist Milton Friedman says, "Inflation is always and everywhere a _____."
What will be an ideal response?
Fiat money is money the government says is money.
Answer the following statement true (T) or false (F)