C:-Increase in the money supply
D:-Increase in the public borrowings
Correct Answer:- Option-C
Question47:-The basic proposition of the psychological law of consumption is that
A:-APC and MPC are equal
B:-APC is negative
C:-MPC is positive but less than unity
D:-MPC is always equal to one
Correct Answer:- Option-C
Question48:-The relationship between unemployment and the rate of change in the wage rate, according to A. W. Phillips is
A:-Inverse and non-lin....
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