Which of the following statement is incorrect, - In the simple Keynesian model, -

CA Foundation · Business Economics · MTP · April 2025
Which of the following statement is incorrect, - In the simple Keynesian model, -
(A) A. MPC+MPS=1
(B) B. APC+ APS=1
(C) C. Both (a) and (b)
(D) D. Neither (a) nor (b).

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Neither (a) nor (b).

Topics: Determination of National Income

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