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Banking System and Capital Market Questions and Answers for Competitive Exams

According to Keynes, business cycle are due to variation in the rate of investment caused by fluctuations, in the

[A] Marginal propensity to save
[B] Marginal propensity to consumption
[C] Marginal efficiency to investment
[D] Marginal efficiency of capital

Answer & Explanation

Answer: Option [D]

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