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NextQ64

Suppose in an imaginary economy, autonomous consumption = Rs. 500 crore and marginal propensity to consume = 0.8. The saving function for the economy would be ___________. (Choose the correct alternative to fill in the blank)

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Question 63

Read the following statements carefully : Statement 1 : A consumption function describes the relationship between consumption and savings. Statement 2 : Consumption function consists of two components — autonomous consumption and induced consumption. In the light of the given statements, choose the correct alternative from the following :

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