Multiple Choice
Demand-pull inflation may be caused by:
A) an increase in costs
B) a reduction in interest rates
C) a reduction in government spending
D) an outward shift in aggregate supply
Correct Answer:
Verified
Correct Answer:
Verified
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
Q12: Which of the following cannot be included
Q13: Entrepreneurs will have no tendency to expand
Q14: In the linear consumption function C =
Q15: Inflation:<br>A)always reduces the cost of living<br>B)always reduces
Q16: How the inflation can be checked temporarily?<br>A)increase