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प्रश्न
Read the following statements carefully:
Statement 1: The consumption curve is an upward sloping straight line curve due to the direct relationship between income and consumption and the assumption of constant Marginal Propensity to Consume.
Statement 2: Aggregate Demand curve and Consumption curve are parallel to each other.
In the light of the given statements, choose the correct alternative from the following:
पर्याय
Statement 1 is true and statement 2 is false
Statement 1 is false and statement 2 is true
Both statements 1 and 2 are true
Both statements 1 and 2 are false
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उत्तर
Both statements 1 and 2 are true
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संबंधित प्रश्न
What is marginal propensity to consume?
In equation C = a + by, the value of b lies between ______.
Final goods refer to those goods which are used either for ______ or for ______.
Aggregate Demand is not determined by which of the following.
Which of the following statements is true?
On the basis of following schedule, answer the given questions:
| Income (in ₹ crores) |
Savings (in ₹ crores) |
| 0 | -20 |
| 50 | -10 |
| 100 | 0 |
| 150 | 30 |
| 200 | 60 |
- Calculate Marginal Propensity to Save (MPS) at ₹ 150 crores level of income.
- What is the value of Autonomous Consumption?
At the break-even point level of incomes for the economy is ₹ 10,000 crores and if the people tends to save 20 per cent of their additional income, then calcualte the value of autonomous consumption.
Statement 1: Consumption function assumes that, consumption changes at a constant rate as income changes.
Statement 2: Autonomous consumption is the ratio of total consumption (C) to total income (Y).
In light of the given statements, choose the correct alternative from the following:
If in an economy, the Investment Multiplier is 4 and Autonomous Consumption is ₹ 30 crore, the relevant consumption function would be ______.
Which formula represents the consumption function?
What is induced consumption?
Which expression represents induced consumption in the consumption function?
Within which range does the value of MPC always lie?
Which equation is equivalent to \[MPC+MPS=1\]?
What does \[APC=\frac{C}{Y}\] measure?
What does the 45° line represent?
