Multiple Choice
Which of the following is not correct:
A) mpc declines as income increases
B) mpc is positive but less than one
C) mps is always positive
D) all the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: According to Keynes the most important determinant
Q3: In the equation C = 60 +
Q4: Which of the following can cause shifts
Q5: Keynesian economics is also known as:<br>A)supply side
Q6: MEC isinversely related to:<br>A)prospective yield<br>B)supply price<br>C)investment<br>D)rate of
Q7: In the Keynesian two sector economy, AD<AS,
Q8: MEC is directly related to<br>A)prospective yield<br>B)supply price<br>C)rate
Q9: When disposable income risesfrom Rs 500 to
Q10: In the Keynesian two sector model, when
Q11: Keynes considered subjective and objective factors:<br>A)important determinants