Advertisements
Advertisements
प्रश्न
Answer the following question:
State J. M. Keynes' Psychological Law of Consumption.
उत्तर
According to Keynes’ psychological law of consumption, although with the increase in the income, the consumption expenditure increases, however, this increase in the consumption is less than the increase in the income. In other words, the rate of increase of consumption is lesser than the rate of increase in income. This is because the consumers do not spend the whole of the increase in their income on consumption. Rather, a part of the increase in the income is saved. Thus, the proportionate increase in the consumption is less than the proportionate increase in the income.
APPEARS IN
संबंधित प्रश्न
................ consumption can not be zero.
(Induced / Autonomous / Government / Private)
State whether the following statement is True or False :
Consumption expenditure is the only component of aggregate demand.
Fill in the blank with appropriate alternatives given below
__________ consumption cannot be zero.
Fill in the blank with appropriate alternatives given below
Investment made by the government is __________ investment.
State whether the following statement is true or false.
Consumption expenditure is the only component of aggregate demand.
State whether the following statement is true or false.
Autonomous consumption is income elastic.
State whether the following statement is true or false.
At breakeven point Consumption (C) is equal to income (Y).
Define or Explain the following concept:
Autonomous Consumption
Give reason or explain.
There are many subjective factors determining consumption function.
Give reason or explain.
The Propensity to Consume means consumption function.
Distinguish between:
Autonomous Investment and Induced Investment
Distinguish between:
Consumption and Saving
Distinguish between:
Consumption Function and Saving Function
Write Short note on:
Effective Demand
Write Short note on:
Saving Function
Write Short note on:
Break-even Point
Answer the following question:
What is autonomous consumption?
Answer the following question:
State the subjective factors determining consumption function?
State with reason whether you agree or disagree with the following statement.
At break-even point, consumption (C) is equal to income (Y).
State with reason whether you agree or disagree with the following statement.
Savings are negative before break-even point.
Answer in detail.
What are the objective factors influencing consumption function?
Answer in detail.
Give an idea about the subjective factors determining consumption function.
