If the investment is increased by 2 lacs and the value of the investment multiplier is 3/2 then what will be the value of change in income?

The aggregate demand line shifts parallel upwards. The reason behind this is :

Consumption level which is independent of income level is called:

Even if income is zero, some consumption still takes place, which is independent of income. This type of consumption is called?

Arrange the following steps in the correct sequence to explain the working of Multiplier.

(A) Increase in income and consumption.

(B) Increase in investment.

(C) Rise in aggregate demand in each round

(D) Generation of additional income.

Choose the correct answer from the options given below:

The level of income where all the factors of production are fully employed in the production process is called..................

Arrange the following statements when autonomous investment increases..

(A) The autonomous expenditure increases.

(B) Aggregate demand and output have a multiplier effect.

(C) Income and output increases.

(D) The aggregate demand curve shifts parallel upward.

Choose the correct answer from the options given below: