In the linear consumption function C = a + b(Y) , coefficient 'a' denotes
A) MPC
B) APC
C) Autonomous consumption
D) Induced consumption
Correct Answer:
Verified
Q1: Psychological law of consumption states that the
Q2: Net investment is also known as
A)Depreciation
B)Induced investment
C)Autonomous
Q3: In the saving function S = -a
Q4: Who propounded Psychological law of consumption
A)Adam Smith
B)Ricardo
C)Keynes
D)Pigou
Q5: When MPS = 0.2, MPC will be
A)0.8
B)0.2
C)1.2
D)20
Q7: In the equation C = 60 +
Q8: Keynes assumed the presence of --------- economy
Q9: Which of the following is a union
Q10: Which of the following is not a
Q11: The tax levied by the union government
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