Under Keynes Psychological law of consumption the relationship between consumption and income is
A. Linear and proportional
B. Non-linear and proportional
C. Linear and non-proportional
D. Nonlinear and non-proportional Both C &D
Answer:B
Under Keynes Psychological law of consumption the relationship between consumption and income is
A. Linear and proportional B. Non-linear and proportional C. Linear and non-proportional D. Nonlinear and non-proportional Both C &D