Economics · Consumption Theories
Which of the following statements are correct for Keynes' linear short-run consumption function C = a + bY (where a > 0, 0 MPC).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1 and 4 are correct.✓
- 2Only 2 and 3 are correct.
- 31, 3, and 4 are correct.
- 4Only 1 is correct.
Correct answer
Only 1 and 4 are correct.
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