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State whether the following are true or false. Give reasons: (a) At zero level of income, savings are positive. (b) The relationship between multiplier and MPC is inverse and that with MPS is direct. (c) The value of APC varies from 1 to infinity. (d) The value of MPS can be negative. |
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Answer» State whether the following are true or false. Give reasons: (a) At zero level of income, savings are positive. (b) The relationship between multiplier and MPC is inverse and that with MPS is direct. (c) The value of APC varies from 1 to infinity. (d) The value of MPS can be negative. |
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