Choose the appropriate term for each statement. Word Choices:
(A) income
(B) inter...
Business, 03.03.2020 02:02 huckfin58021219
Choose the appropriate term for each statement. Word Choices:
(A) income
(B) interest rate
(C) expectations
(D) wealth
(E) household debt
(F) taxes
1. Keynesian economists think that is the key determinant of consumption and spending.
2. Classical economists think that the higher the , the more people will save, which means that they will consume less.
3. A person's about how much income he/she will earn in the future as well as future prices could shape how much he/she spends and saves today.
4. The more the person has, the less current consumption he/she undertakes.
5. A person's total income can be divided into three components: consumption, savings, and .
6. Savings, which is total income minus consumption and taxes, can be used to create more .
Answers: 3
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