Question 1

In the Keynesian linear consumption function Y=?1+?2X, Y represents

Accepted Answer

A) income 
B) consumption expenditure 
C) output 
D) price 
A) income 
B) consumption expenditure 
C) output 
D) price

Question 2

Keynes postulated ----- relationship between income and consumption

Accepted Answer

A) negative 
B) positive 
C) non linear 
D) infinite 
A) negative 
B) positive 
C) non linear 
D) infinite

Question 3

Which of the following is the combination of economic theory, mathematical economics and economic statistics

Accepted Answer

A) econometrics 
B) statistics 
C) mathematics 
D) quantitative economics 
A) econometrics 
B) statistics 
C) mathematics 
D) quantitative economics

Question 4

In the function, Q= ?+?P, the slope coefficient is

Accepted Answer

A) ? 
B) ? 
C) p 
D) q 
A) ? 
B) ? 
C) p 
D) q

Question 5

In the Keynesian linear consumption function Y=?1+?2X, the dependent variable is

Accepted Answer

A) ?1 
B) x 
C) y 
D) ?2 
A) ?1 
B) x 
C) y 
D) ?2

In the Keynesian linear consumption function Y=?1+?2X, Y represents

Keynes postulated ----- relationship between income and consumption