Multiple Choice
According to Keynes the most important determinant ofconsumption
A) rate of interest
B) saving
C) income
D) investment
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Rate of change in savings to change
Q8: According to Keynes, saving is:<br>A)private virtue but
Q9: In the Keynesian two sector model, when
Q10: Keynes considered subjective and objective factors:<br>A)important determinants
Q11: MEC isinversely related to:<br>A)prospective yield<br>B)supply price<br>C)investment<br>D)rate of
Q13: In Keynesian terminology, investment means:<br>A)financial investment<br>B)real investment<br>C)induced
Q14: The MEC increases when:<br>A)capitalstock increases<br>B)capitalstock decreases<br>C)capital remains
Q15: Which of the following can cause shifts
Q16: APC is determined by the following equation:<br>A)c/y<br>B)s/y<br>C)?c/?y<br>D)?s/?y
Q17: MEC is directly related to<br>A)prospective yield<br>B)supply price<br>C)rate