Match List-I with List-II.
| List-I | List-II |
| (A) Consumption | (I) $\overline{C}+\overline{I}+cY$ |
| (B) Marginal propensity to consume | (II) $\overline{C}+cY$ |
| (C) Aggregate Demand | (III) $1-MPC$ |
| (D) Marginal propensity to save | (IV) $\frac{ΔC}{ΔY}$ |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : (A)-(II), (B)-(IV),(C)-(I), (D)-(III)
Explanation :
(A) Consumption - $\overline{C}+cY$
(B) Marginal propensity to consume - (IV) $\frac{ΔC}{ΔY}$
(C) Aggregate Demand - (I) $\overline{C}+\overline{I}+cY$
(D) Marginal propensity to save - (III) $1-MPC$