If in an economy, the value of investment multiplier is 4 and Autonomous Consumption is ₹ 30 Crore, the relevant consumption function would be:
- C=30+0.75 Y
- C=(-)30+0.25Y
- C=30-0.75Y
- C=30-0.25Y
Answer:
a. C=30+0.75 Y
Get live Maths 1-on-1 Classs - Class 6 to 12