Author Question: According to Keynes, an individual's level of saving is primarily determined by A) the ... (Read 9 times)

bclement10 · **on:** Jun 30, 2018

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.

Question 2

How does aggregate demand curve (AD) differ from an individual demand curve (D)?

A) AD is generally vertical while D is usually downward sloping.
B) D represents the price-quantity relationship for a single good or service while AD looks at the entire economic system.
C) AD is generally a downward sloping curve while D usually slopes upward.
D) Look for D in macroeconomic analyses and for AD in microeconomics.