NextQ114

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

Equilibrium Condition and ApproachesStudy Simplify SpecialPYQ1MCQ
Question 113

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)

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