Question:
In an Economy, the value of multiplier is 4 times, and autonomous consumption is ₹30 crore. The relevant consumption function for this economy would be:
In an Economy, the value of multiplier is 4 times, and autonomous consumption is ₹30 crore. The relevant consumption function for this economy would be:
Updated On: May 18, 2024
- C = 30 + 0.75y
- C = (-) 30 - 0.75y
- C = 30 - 0.75y
- C = 30 - 0.25y
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The Correct Option is A
Solution and Explanation
The correct option is (A): C = 30 + 0.75y
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