Economics · Macroeconomics
According to John Maynard Keynes, which of the following factor(s) determine(s) the level of private investment in an economy? (i) The supply price (cost) of the capital asset. (ii) The expected rate of return (marginal efficiency of capital) during its lifetime. (iii) The market rate of interest. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(i) and (iii) only
- 2(ii) and (iii) only
- 3(i), (ii) and (iii)✓
- 4(i) and (ii) only
Correct answer
(i), (ii) and (iii)
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