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Homework answers / question archive / Giving reasons, state whether the following statements are true or false: (1) When marginal propensity to consume is zero, the value of investment multiplier will also be zero

Giving reasons, state whether the following statements are true or false: (1) When marginal propensity to consume is zero, the value of investment multiplier will also be zero

Economics

Giving reasons, state whether the following statements are true or false: (1) When marginal propensity to consume is zero, the value of investment multiplier will also be zero. (ii) Value of average propensity to save can never be less than zero. (iii) There is an inverse relationship between the value of marginal propensity to save and investment multiplier. (iv) When the value of average propensity to save is negative, the value of marginal propensity to save will also be negative (v) Sum of average propensity to consume and marginal propensity to consume is always equal to 1.(10 Marks)

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