Read the following statements carefully: Statement 1: Money is a commodity which is generally accepted as a medium of exchange. Statement 2: Money solved the problem of double coincidence of wants.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): The maximum value of Marginal Propensity to Save (MPS) can be unity. Reason (R): At the break-even level of income, savings are zero.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): The equilibrium level of income is determined, when ex-ante spending and ex-ante output are equal. Reason (R): The equilibrium level of income may or may not be the same as the full employment level of output.
Study the following figure carefully and choose the correct alternative to fill in the blank:
Suppose in an imaginary economy, autonomous consumption = Rs. 500 crore and marginal propensity to consume = 0.8. The saving function for the economy would be ________ . (Choose the correct alternative to fill in the blank):
Read the following statements carefully: Statement 1: A consumption function describes the relationship between consumption and savings. Statement 2: Consumption function consists of two components---autonomous consumption and induced consumption. In the light of the given statements, choose the correct alternative from the following:
Imagine you are Derry speaking at the funeral of Mr. Lamb highlighting Mr. Lamb’s optimism and the change he brought about in your attitude towards life.
Write an article highlighting how Dr. Sadao’s actions demonstrated the importance of humanity and living in harmony.