CUET Economics PYQs

In the consumption function $C = \bar{C} + cY$; autonomous consumption denoted by:

1. $C$
2. $cY$
3. $\bar{C}$
4. $Y$

Calculate Marginal Propensity to Save (MPS) and Average Propensity to Consume (APC) at income level of 200.

In case of an underemployment equilibrium, which of the following alternative is not true?