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Consider the following statements. 1. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume2. An increase in autonomous spending causes aggregate output of final goods to decrease by a larger amount through the multiplier processWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements. 1. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume2. An increase in autonomous spending causes aggregate output of final goods to decrease by a larger amount through the multiplier processWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. 1. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume2. An increase in autonomous spending causes aggregate output of final goods to decrease by a larger amount through the multiplier processWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements. 1. The rate of increase in ex ante consumption due to a unit increment in income is called marginal propensity to consume2. An increase in autonomous spending causes aggregate output of final goods to decrease by a larger amount through the multiplier processWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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