Multiple Choice
As income increases consumption also increases, but:
A) proportionately
B) more than proportionately
C) less than proportionately
D) equally
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Self interest, competition, profit motive are the
Q4: Effective demand is that demand when:<br>A)aggregate demand
Q5: Who repudiated Say's law of market?<br>A)j.b. say<br>B)david
Q6: The expected return on investment is called:<br>A)marginal
Q7: The concept of effective demand is associated
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
Q13: Multiplier is obtained by:<br>A)1 - mpc<br>B)1/1- mps<br>C)1/1-