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SANDEEP GARG-INCOME DETERMINATION AND MULTIPLIER-TRUE AND FALSE
- Ig aggregate demand exceeds aggregae supply, the income rises.
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Play - When marginal propensity to consume is greater then marginal propensit...
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Play - Value of investment multiplier varies between zero and infinity.
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Play - When marginal propensity to consume is zero, the value of investment m...
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Play - When investment multiplier is 1, the value of marginal propensity to c...
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Play - If the ration of marginal propensity to consume and marginal propensit...
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Playing Now - Effective demand is determined at the point of equality between aggreg...
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Play - Higher the value of MPC, more is the value of multiplier
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Play - S-=20+0.4Y and C 20+0.6Y will yield be the same investment multiplier.
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Play - According to Keynes, the equillibrium, level of income is always deter...
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