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NextQ134

Read the following statements carefully : Statement 1 : The value of Average Propensity to Save (APS) can be greater than one. Statement 2 : Break-even point is the level at which level of consumption is equal to the income. In the light of the given statements, choose the correct alternative from the following :

Equilibrium Condition and ApproachesStudy Simplify SpecialPYQ1MCQ
Question 133

In the Keynesian economic analysis, determination of equilibrium income in the short-run is usually expressed as _________. (Choose the correct alternative to fill in the blank) (i) Ex-ante Aggregate Demand = Ex-ante Aggregate Supply (ii) Consumption (C) + Investment (I) = Savings (iii) Consumption (C) + Investment (I) = National Income (iv) Ex-ante Savings = Ex-ante Investments Alternatives :

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