Economics · Consumption and Saving
According to Keynesian consumption theory, how do poor people save compared to rich people?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They do not save at all under any circumstances
- 2An equal proportion of their income
- 3A relatively larger proportion of their income
- 4A relatively smaller proportion of their income✓
Correct answer
A relatively smaller proportion of their income
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