According to Keynes A) consumption is directly related to income but
According to Keynes
A) consumption is directly related to income but saving has no relationship with income.
B) consumption is directly related to income but saving is inversely related to income.
C) both consumption and saving are positively related to real disposable income.
D) consumption is positively related to the interest rate.
ANSWER
C
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.