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If in an economy, the value of investment multiplier is 4 and Autonomous Consumption is ₹ 30 Crore, the relevant consumption function would be :

Class 12th Economics, Question -If in an economy, the value of investment multiplier is 4 and Autonomous Consumption is ₹ 30 Crore, the relevant consumption function would be :

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February 20, 2023

These are the options for the question :If in an economy, the value of investment multiplier is 4 and Autonomous Consumption is ₹ 30 Crore, the relevant consumption function would be :

a) C=30+0.75 Y b) C=(-)30+0.25Y
c) C=30-0.75Y d) C=30-0.25Y

The correct answer is -a) C=30+0.75 Y