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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Determination of Income and Employment

Question:

Savings function shows a functional relationship between which of the following options?

Options:

Savings and consumption

Income and consumption

Saving and income

Savings, income and consumption

Correct Answer:

Saving and income

Explanation:

the correct answer is option 3: Saving and income

The savings function shows the relationship between savings and income. It represents how savings change with changes in income. Savings change in same direction as income.

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