Multiple Choice
When output exceeds spending:
A) there is unsold output, and level of output will fall
B) there is unsold output, and level of output will rise
C) there is unsold output, and level of spending will rise
D) there is no unsold output since the level of spending will rise
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Psychological law of consumption states that the
Q3: According to the Phillips curve, unemployment will
Q4: In the equation C = 60 +
Q5: An increase in injections into the economy
Q6: Which groups are not protected from inflation?<br>A)industrial
Q7: Who propounded Psychological law of consumption<br>A)adam smith<br>B)ricardo<br>C)keynes<br>D)pigou
Q8: The concept of effective demand is associated
Q9: Keynes assumed the presence of --------- economy
Q10: When MPS = 0.2, MPC will be<br>A)0.8<br>B)0.2<br>C)1.2<br>D)20
Q11: Demand-pull inflation may be caused by:<br>A)an increase