In respect of the diagram given on next page, consider the following statements1. Saving (S) is autonomous.2. Investment (I) is autonomous.3. Saving is determined by income (Y).4. Investment (I) is not autonomous. Which of these statements are correct?

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CUET-UG Economics / Business Economics Test: Macro Economics (Determination of Income & Employment and Money & Banking) — practice the complete quiz, review flashcards, or try a random question.

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Macroeconomics is a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale—behaves.

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