In the saving function S = -a + (b) Y, the term 'b' denotes
A) saving
B) mpc
C) mps
D) aps
Correct Answer:
Verified
Q5: When output exceeds spending:
A)there is unsold output,
Q6: Entrepreneurs will have no tendency to expand
Q7: The concept of effective demand is associated
Q8: Psychological law of consumption states that the
Q9: Net investment is also known as
A)depreciation
B)induced investment
C)autonomous
Q11: Who propounded Psychological law of consumption
A)adam smith
B)ricardo
C)keynes
D)pigou
Q12: When MPS = 0.2, MPC will be
A)0.8
B)0.2
C)1.2
D)20
Q13: In the linear consumption function C =
Q14: In the equation C = 60 +
Q15: Keynes assumed the presence of --------- economy
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