Read the given statement and conclusions carefully. Decide which of the given conclusion/s is/are true based on the given statement.
Statement:
K ≥ L > M < N ≤ X
Conclusions:
I. X > M
II. X > L
III. M < K
IV. L > K
Given statements- K ≥ L > M < N ≤ X Conclusion- I. X > M – True( as M < N ≤ X so, X > M is true. II. X > L – False ( as L > M < N ≤ X the relationship X and L cannot be determined. III. M < K – True (as K ≥ L > M so, M < K is true. IV. L > K – false (as K ≥ L so, L >K is false. Hence, conclusion I and III are true.
Keynes assumed that the price level was fixed because
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Person Income elasticity ...
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Mahalanobis model is –
