Asked by Manisha Reddy on May 18, 2024
Verified
According to Keynes,the most important determinant of the level of investment was the _____________.
Level Of Investment
The amount of spending by businesses on capital goods, such as factories and machinery, which can influence economic growth.
Keynes
Refers to John Maynard Keynes, an economist famous for his ideas that in times of low demand, public sector investments are critical to economic stability and growth.
- Understand the significance of investment according to Keynesian economics.
Verified Answer
NW
Nikki WebsterMay 21, 2024
Final Answer :
marginal efficiency of investment (or the expected profit rate)
Learning Objectives
- Understand the significance of investment according to Keynesian economics.