According to Keynes, an individual's level of saving is primarily determined by
A) the interest rate.
B) the individual's current level of real disposable income.
C) the individual's expectation about the stock market.
D) real Gross Domestic Product (GDP) for the economy.

Question

Quizplus · Accepted Answer

Keynesian economics suggests that an individual's level of saving is primarily determined by their current level of real disposable income. According to Keynes, as income increases, individuals are likely to save more, indicating a direct relationship between income levels and saving behavior.

According to Keynes, an Individual's Level of Saving Is Primarily