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NextQ75

If a straight line consumption function makes a positive intercept at the Y-axis, it implies that the Marginal Propensity to Consume ______ and Average Propensity to Consume ______ as the level of income rises. (Fill up the blanks with correct alternative.)

Equilibrium Condition and ApproachesStudy Simplify SpecialPYQ1MCQ
Question 74

Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative from those given below : Assertion (A) : Voluntarily unemployed people are those able bodied people who are not willing to work at the prevailing wage rate. Reason (R) : There exists zero involuntary unemployment at full employment level of equilibrium.

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