Consumption expenditure according to Keynes is determined by:

CA Foundation · Business Economics · MTP · September 2024
Consumption expenditure according to Keynes is determined by:
(A) A. Disposable income
(B) B. Level of interest rate
(C) C. Extent of government taxes and subsides
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Disposable income

Topics: Determination of National Income

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