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zhuklara [117]
4 years ago
5

Choose the appropriate term for each statement. Word Choices:

Business
1 answer:
Tanzania [10]4 years ago
5 0

Answer:

1.  Keynesian economists think that <u>_Income</u> is the key determinant of consumption and spending.

2. Classical economists think that the higher the _interest rates____, the more people will save, which means that they will consume less.

3. A person's _<u>expectations </u>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 _<u>wealth</u> 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 <u>household debt</u>.

6. Savings, which is total income minus consumption and taxes, can be used to create more __<u>taxes</u>.

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Slav-nsk [51]

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