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In an economy autonomous investment is …

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In an economy autonomous investment is Rs.60 crore , the marginal propensity to consume is 0.8. if the equilibrium level of income is. Rs400 crore then the autonomous consumption is Rs.30 crore. True of false. Justify your answer

    • Posted by Hardik Kumar 5 years, 8 months ago

    CBSE > Class 12 > Economics
    • 4 answers

    Khushi Varshney 5 years, 8 months ago

    WRONG AS=AD AT EQULIBRIUM Y=AD AD=60+0.8*400+30=410 as Y IS NOT EQUALS TO AD AUTONOMOUS CNSMPTN SHOULD BE 20 AT EQUILIBRIUM LEVEL SO IT'S FALSE

    1Thank You

    Ankit Kumar 5 years, 8 months ago

    Wrong

    0Thank You

    Hardik Kumar 5 years, 8 months ago

    Okay.. can u justify the answer??

    0Thank You

    Shubham Gupta 5 years, 8 months ago

    Wrong

    0Thank You

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