Multiple Choice
Multiplier is obtained by:
A) 1 - mpc
B) 1/1- mps
C) 1/1- apc
D) 1/1-mpc
Correct Answer:
Verified
Correct Answer:
Verified
Q8: As income increases consumption also increases, but:<br>A)proportionately<br>B)more
Q9: J.B. Say was a ---------------Economist.<br>A)swedish<br>B)german<br>C)french<br>D)american
Q10: Exports minus imports is termed as:<br>A)net income<br>B)net
Q11: In the Classical system, the role of
Q12: APC + APS is equal to:<br>A)0<br>B)>0<br>C)1<br>D)<0
Q14: The proportion between total income and total
Q15: The proportion between incremental income and incremental
Q16: The central theme of Keynesian Theory is:<br>A)laissez-faire<br>B)free
Q17: Temporary unemployment is -------------, according to the
Q18: Marginal efficiency of investment curve is:<br>A)slopping downwards<br>B)slopping