CUET-UG Economics / Business Economics Test: Macro Economics (Determination of Income & Employment and Money & Banking) — Flashcards | CUET | FatSkills

CUET-UG Economics / Business Economics Test: Macro Economics (Determination of Income & Employment and Money & Banking) — Flashcards

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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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If a straight line consumption function intercepts the vertical axis at some positive value, it implies that
the MPC is constant and APC rises as the level of disposable income increases
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