_______ function was designed by J M Keynes to show the relationship between real disposable income and consumer spending.

Related MCQs

• Keynes postulated ----- relationship between income and consumption
• ______ function expresses the relationship between price of the good and quantity of the good demanded.
• ______ function expresses the relationship between price of the good and quantity of the good supplied.
• A production function is said to be _____, if, when each input factor is multiplied by a positive real constant k, the constant can be completely factored out:
• Demand function for a commodity is D = 44 – 7P and supply function S = 2P –10, then the equilibrium price is:
• When we optimise a function, with the first order derivative equal to ___ and the second order derivative ___ the function is at a relative minimum.
• a mathematical model assumes----- relationship between variables
• The given function f (x) = ax + b, is an example of ____ function:
• The given function f (x) = ax2 + bx + c , is an example of ____ function:
• ____ functions are a special class of homogeneous function in which the marginal rate of Technicalsubstitution is constant along the function.