Multiple Choice
Which of the following is not correct:
A) mpc declines as income increases
B) mpc is positive but less than one
C) mps is always positive
D) all the above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q2: In a two sector economy, aggregate demand
Q3: According to Keynes the most important determinant
Q4: In the equation C = 60 +
Q5: When disposable income risesfrom Rs 500 to
Q6: Schedule that expressesrelationship between rate of interest
Q7: Rate of change in savings to change
Q8: According to Keynes, saving is:<br>A)private virtue but
Q9: In the Keynesian two sector model, when
Q10: Keynes considered subjective and objective factors:<br>A)important determinants
Q11: MEC isinversely related to:<br>A)prospective yield<br>B)supply price<br>C)investment<br>D)rate of