Question

' 9 TIીવીટી,
Q.10. Discuss the significance
Ans. Aggregate Supply is a
which will originate fron
significance of 45° line in Keynesian Economics. {CBSE, Sample Paper 2018
ote Supply is obtained by adding consumption and saving schedules. The straight line obtained
il originate from point of origin will form a 45° angle there by establishing the relation of Y =
C+ S.
Level of Income (9)
|
Saying (Y-C)
Saying (Y-C)
Y = AS = C + S
Consumption
expenditure (C)
200
250
300
350
400
450
500
550
-200
-150
-100
-50
100
200
300
400
500
600
700
0
100
200
300
400
500
600
700
50
100
150​

Answer 1

Answer:

c+s = average propensity to save