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NextQ58

Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative given below : Assertion (A) : Full employment situation refers to absence of involuntary unemployment. Reason (R) : Under full employment situation, all the willing and able bodied people get employment at the prevailing wage rate. Alternatives :

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Question 57

Read the following statements carefully : Statement 1 : If in an economy the level of income increases (ΔY), it will always proportionately increase the level of consumption (ΔC). Statement 2 : Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS) are always equal to each other. In the light of the given statements, choose the correct alternative from the following :

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