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
Q2: Keynesian economics is also known as:<br>A)Supply side
Q3: Which of the following can cause shifts
Q4: In Keynesian terminology, investment means:<br>A)Financial investment<br>B)Real investment<br>C)Induced
Q5: According to Keynes the most important determinant
Q7: According to Keynes, saving is:<br>A)Private virtue but
Q8: In the Keynesian two sector economy, AD<AS,
Q9: MEC is inversely related to:<br>A)Prospective yield<br>B)Supply price<br>C)Investment<br>D)Rate
Q10: Autonomous investment is<br>A)Income inelastic<br>B)Instable<br>C)Interest elastic<br>D)Income elastic
Q11: In the Keynesian two sector model, when