Match the correct codes

The marginal propensity to consume is:

Assertion: The progressive tax system increases the propensity to consume of the people by altering the income distribution in favour of poor.
Reason: When government reduces the tax the disposable income rises and the propensity to consume of community increases.

Assertion: J.B. Say propounded the fundamental Psychological Law of Consumption which forms the basis of the consumption function.
Reason: The law implies that there is a tendency on the part of the people to spend on consumption less than the full increment of income.

Assertion: The multiplier is directly related to MPC and inversely related to MPS.
Reason: The accelerator principle explains the effect of changing consumption expenditure upon volume of investment.

Which of the following is correct?

Keynes considered subjective and objective factors:

According to Keynes the most important determinant of investment

Value of MPC is

Autonomous investment is

In a closed economy, the value of multiplier, when MPC is 0.90

If there is _______ in the consumer goods industry, the accelerator principle would not work.

Find the value of K, if MPC is 0.75, MPS is 0.25.

What is the nature of the relationship between the national income and induced investment?

If the Keynesian consumption function is C = 10 + 0.8Y then, if disposable income is Rs 1000, what is amount of total saving?

In an open economy import _______ the value of the multiplier

The multiplier is calculated as

When investment is assumed autonomous the slope of the AD schedule is determined by the______.

The sum of the MPC and MPS is________.

If the Keynesian consumption function is C=10+0.8 Y then, if disposable income is Rs 1000, what is amount of total consumption?