Reason (R): Keynes Law of propositions – Increase in Income always lead to an increase in both consumption and saving.
A. Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
B. Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation for ‘A’
C. ‘A’ is true but ‘R’ is false
D. ‘A’ is false but ‘R’ is true
Answer:A
Reason (R): Keynes Law of propositions – Increase in Income always lead to an increase in both consumption and saving.
A. Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’ B. Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation for ‘A’ C. ‘A’ is true but ‘R’ is false D. ‘A’ is false but ‘R’ is true