Class XII

Consumption changes in the same direction as income. It is
  1. Insufficient information
  2. FALSE
  3. Can’t say
  4. 1
MPC+MPS=
  1. 1.0
  2. 3
  3. 4
  4. 2
The level of equilibrium income is determined by
  1. AD and AS
  2. AD and Investment
  3. AD and Consumption
  4. AD and national income
APC+APS should always be equal to 1
  1. None of these
  2. Depends on their values
  3. FALSE
  4. 1
APC+APS=
  1. 1.0
  2. 2
  3. 4
  4. 3
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