Psychological law of consumption states that the value of MPC is lies between zero and

Related MCQs

• Who propounded Psychological law of consumption
• When disposable income risesfrom Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equalto
• As the value of MPC increases, the value ofmultiplier:
• In a closed economy, the value of multiplier , when MPC is 0.90
• When MPC = 0.5, the value of multiplier is
• Value of MPC is
• When MPS = 0.2, MPC will be
• Keynes assumed thepresence of --------- economy for the fundamental law of consumption
• The law which states that supply creates its own demand and overproduction is impossible is known as:
• The slope of the consumption function is called