Multiple Choice
Changes in the subjective or objective factors
A) Never affect consumption function
B) Always cause downward shift in consumption function
C) Always cause upward shift in consumption function
D) They cause upward or downward shifts in consumption function
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Income is a ------- variable<br>A)Flow<br>B)Discontinuous<br>C)Stock<br>D)None of the
Q6: Market does not clear is a proposition
Q7: Ratio of consumption expenditure to any particular
Q8: When investment is negatively related to the
Q9: When MPS = 0.2, MPC will be<br>A)0.8<br>B)0.2<br>C)1.2<br>D)20
Q11: Policy Neutrality is the main proposition of:<br>A)Supply
Q12: Who invented the General Equilibrium analysis?<br>A)L. Walras.<br>B)W.
Q13: In which of the following situations will
Q14: Employment equilibrium in the Classical theory is
Q15: The interest rate paid on bonds is