Question : Which of the following statement are true?
- Slope of consumption curve is indicated by APC.
- According to Keynesian theory of employment, Ex-ante savings and ex-post savings are always equal.
Option 1: Both are true.
Option 2: Both are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Answer (1)
20th Jan, 2024
Correct Answer:
Both are false.
Solution :
Slope of consumption curve is indicated by MPC.
According to Keynesian theory of employment, Ex-ante savings and ex-post savings may or may not be equal.
Hence, Option B is correct.
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