Economics · Keynesian Economics
Consider the following statements regarding Keynesian economics: 1. The Average Propensity to Consume (APC) falls as income increases in the short-run Keynesian consumption function. 2. The investment multiplier is inversely related to the Marginal Propensity to Consume (MPC). 3. The break-even point occurs when total consumption equals total income. 4. At macroeconomic equilibrium, planned saving equals planned investment. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 4 only
- 22 and 3 only
- 31 and 4 only
- 41, 3, and 4 only✓
Correct answer
1, 3, and 4 only
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