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Question
Under Keynes Psychological law of consumption the relationship between consumption and income is ______.
Options
Linear and proportional
Non-linear and proportional
Linear and non-proportional
Nonlinear and non-proportional
MCQ
Fill in the Blanks
Solution
Under Keynes Psychological law of consumption the relationship between consumption and income is Non-linear and proportional.
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Context of the Present Book of Macroeconomics
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