Statement I.APC + APS = 1.
Statement II.MPC + MPS = 1.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

APC

The fraction of income that is spent on consuming goods and services is known as the Average Propensity to Consume.

APS

Stands for Aggregate Planning Strategies, techniques used in business to match supply and demand by adjusting production rates, labor levels, and inventory.

MPC

The marginal propensity to consume, which is the proportion of any additional income that is spent on consumption rather than being saved.