Exam 6: Economic Theory and Concepts

The proportion between total income and total saving is called:

1- MPC is called:

Self interest, competition, profit motive are the features of:

Effective demand is that demand when:

Who repudiated Say's law of market?

The expected return on investment is called:

The concept of effective demand is associated with the name of:

As income increases consumption also increases, but:

J.B. Say was a ---------------Economist.

Exports minus imports is termed as:

In the Classical system, the role of the government is:

APC + APS is equal to:

Multiplier is obtained by:

The proportion between total income and total consumption is called:

The proportion between incremental income and incremental consumption is called:

The central theme of Keynesian Theory is:

Temporary unemployment is -------------, according to the Classical economists:

Marginal efficiency of investment curve is:

The branch of Economics that deals with economic aggregate is called:

Equilibrium in the economy is settled by ---------, according to the Classicals.