Economics · Macroeconomics
Consider the following statements: (i) Absolute income hypothesis is associated with Keynes. (ii) S = -20 + 0.4Y and C = 20 + 0.6Y yield the same investment multiplier. (iii) Investment multiplier rises whenever income tax is introduced in the system. (iv) Bond price and interest rates are directly related. Which of the above statement(s) is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(i) and (ii)✓
- 2(iii) and (iv)
- 3(ii) and (iii)
- 4(i) alone
Correct answer
(i) and (ii)
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