Multiple Choice
APC is determined by the following equation:
A) c/y
B) s/y
C) ?c/?y
D) ?s/?y
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Keynes considered subjective and objective factors:<br>A)important determinants
Q12: In Keynesian terminology, investment means:<br>A)financial investment<br>B)real investment<br>C)induced
Q13: Schedule that expressesrelationship between rate of interest
Q14: According to Keynes, saving is:<br>A)private virtue but
Q15: According to Keynes the most important determinant
Q17: The MEC increases when:<br>A)capitalstock increases<br>B)capitalstock decreases<br>C)capital remains
Q18: Rate of change in savings to change
Q19: Keynesian economics is:<br>A)macro<br>B)micro<br>C)both<br>D)none
Q20: In a two sector economy, aggregate demand
Q21: Value of MPC is<br>A)>1<br>B)<1<br>C)0<br>D)0? mpc ?1