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Aggregate Demand, Consumption & Saving · Question 51 of 60

Question 51

HardOriginal question

Read the two statements and choose the correct option.

I. The slope of the saving function is the MPS.

II. The slope of the consumption function and the slope of the saving function add up to 1.

Options for question 51

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. S rises by MPS for each rupee of income. I is true.

  2. The slopes are MPC and MPS, which add to 1. II is true.

Concept
Slopes of C and S
Typical time
100 s
Your time
—
The rule this testsThe saving function and break-even
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