Asked by Manisha Reddy on May 18, 2024

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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.
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NW
Nikki WebsterMay 21, 2024
Final Answer :
marginal efficiency of investment (or the expected profit rate)