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Question
If in an economy, the value of investment multiplier is 4 and Autonomous Consumption is ₹ 30 Crore, the relevant consumption function would be :
Options
C = 30 + 0.75 Y
C = (-) 30 + 0.25 Y
C = 30 - 0.75 Y
C = 30 - 0.25 Y
Solution
C = 30 + 0.75 Y
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