NextQ109

Read the following statements carefully : Statement 1 : Marginal Propensity to Consume (MPC) refers to the consumption per unit of income. Statement 2 : As the income increases, the proportionate increase in the level of consumption is always more than the increase in the level of income. In the light of the given statements, choose the correct option from the following :

Equilibrium Condition and ApproachesStudy Simplify SpecialPYQ1MCQ
Question 108

Under the Keynesian theory, 'Reference Line' is a straight line passing through the origin drawn at an angle of __________. (Choose the correct option to fill in the blank)

108/162