Exam 11: Macroeconomics and Economic Theories

The phenomenon of increase in money wages that leads to increases in unemployment is shown by:

The MPC has a value:

Which of the following is not a stock variable:

The word macro was first used in Economics by:

When consumption and income are equal, saving is ------------

When the method of Statics is called upon to study a changing process, it is referred to as the method of:

Wage cut as a solution of unemployment in classical theory is suggested by:

Value of money:

Which one of the following definition of Economics is associated with the name of Lionel Robbins?

The marginal propensity to save is defined as:

An official reduction in the value of home currency in terms of foreign currency is known as:

Personal Disposable income is:

The major primary function of money in modern Economics is to serve as:

Which of the following is Keynesian saving function?

-------------is associated with the theory of multiplier:

The curve showing the possibilities of production of desired good is known as:

Leakages are the factors which:

When of the following is correct:

"Treatise on money' is a book written by:

Usually an IS curve is a -------line.