CUET Economics - How much consumption will increase when income increases by Rs. 5000 at given marginal propensity to consume of 0.60. 1. Increase in consumption= Rs. 5000 2. Increase in consumption= Rs. 4000 3. Increase in consumption= Rs. 3000 4. Increase in consumption= Rs. 2000 | PYQs + Solutions

CUET Economics 2025 31 May Shift 1

Macro

Easy

Increase in consumption= Rs. 5000

Increase in consumption= Rs. 4000

Increase in consumption= Rs. 3000

Increase in consumption= Rs. 2000

✅ Correct Option: 3

Related questions:

26 May Shift 2

In an imaginary economy, the planned spending falls short of planned output at a certain level of employment. Arrange the following consequences of the same in sequential order.

(A) Unintended accumulation of inventories.

(B) The employment level falls.

(D) Producers plan to produce less in the next period.

Choose the correct answer from the options given below:

21 May Shift 1

In an economy, the consumption curve and saving curve are parallel to each other. What will be the value of investment multiplier in this economy?

30 May Shift 2

A change in autonomous spending causes aggregate output of final goods to change by a large or small amount due to?

CUET Economics 2025 31 May Shift 1 PYQs

Keyboard Shortcuts