Match the LIST-I with LIST-II, LIST-I, LIST-II, A. Marginal Propensity to Save (MPS), I. Consumption per unit of income., B. Average Propensity to Save (APS), II. Savings per unit of income., C. Marginal Propensity to Consume (MPC), III. Change in consumption per unit change in income., D. Average Propensity to Consume (APC), IV. Change in savings per unit change in income., Choose the correct answer from the options given below:

Question

Match the LIST-I with LIST-II | LIST-I | LIST-II | |---|---| | A. Marginal Propensity to Save (MPS) | I. Consumption per unit of income. | | B. Average Propensity to Save (APS) | II. Savings per unit of income. | | C. Marginal Propensity to Consume (MPC) | III. Change in consumption per unit change in income. | | D. Average Propensity to Consume (APC) | IV. Change in savings per unit change in income. | Choose the correct answer from the options given below:

Accepted Answer

A-IV, B-II, C-III, D-I

Answer

A-I, B-II, C-III, D-IV

Answer

A-III, B-I, C-IV, D-II

Answer

A-II, B-IV, C-I, D-III

List–I	List–II
(A) Marginal propensity to consume	(I) ΔS/ΔY
(B) Marginal propensity to save	(II) ΔC/ΔY
(C) Average propensity to consume	(III) S / Y
(D) Average propensity to save	(IV) C / Y

	List - I (Curves)		List - II (Shape)
(A)	Aggregate demand curve	(I)	Upward sloping line with a positive intercept on y-axis
(B)	Aggregate supply curve	(II)	Parallel to x axis
(C)	Autonomous investment curve	(III)	45 degree line passing through the origin
(D)	Consumption function	(IV)	Parallel to consumption function

LIST-I	LIST-II
A. Marginal Propensity to Save (MPS)	I. Consumption per unit of income.
B. Average Propensity to Save (APS)	II. Savings per unit of income.
C. Marginal Propensity to Consume (MPC)	III. Change in consumption per unit change in income.
D. Average Propensity to Consume (APC)	IV. Change in savings per unit change in income.

Solution

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