The Relationship between rate of interest and consumption level was firstly estimated by-

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Economy

asked Sep 07, 2023 at 08:56

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Answer 1

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With increase in rate of interest there is decrease in consumption level i.e. there is inverse relation between rate of interest and consumption level.

answered Sep 07, 2023 at 08:56

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Academy

Answer 2

With increase in rate of interest there is decrease in consumption level i.e. there is inverse relation between rate of interest and consumption level.

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