Practice free →
Home › Bihar Board Class 12 (Arts) › Economics › Determination of Income and Employment › If all people raise their MPS, total savings in …

If all people raise their MPS, total savings in the economy do what?

ARise considerably
BDouble exactly
CAlways fall to zero
DStay same or decline
Answer & Solution
Correct answer: D. Stay same or decline
Higher thriftiness cuts demand and income, so total saving either stays unchanged or falls.
Solve this in the app — Bihar Board Class 12 (Arts) practice & 24k+ MCQs →
Related questions