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SSC Combined Graduate Level Exam 2014 held on 19.10.2014

General Awareness (Test Form No - 011 LG2)

Q4. According to Keynes, business cycles are due to variation in the rate of investment caused by fluctuations in the:

(a) Marginal efficiency of capital
(b) Marginal propensity to save
(c) Marginal propensity to consumption
(d) Marginal efficiency to investment

Answer (c)

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