NextQ65

Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative from those given below : Assertion (A) : The maximum value of Marginal Propensity to Save (MPS) can be unity. Reason (R) : At the break-even level of income, savings are zero. Alternatives :

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Question 64

Suppose in an imaginary economy, autonomous consumption = Rs. 500 crore and marginal propensity to consume = 0.8. The saving function for the economy would be ___________. (Choose the correct alternative to fill in the blank)

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