Exam 2: Economic Thories and Thinkers

Alfred Marshall formalized and then popularized the analytical technique known as:

Which of the following is the nucleus of the Keynesian theory of employment?

The idea that governmental redistributions of income or wealth will ultimately have no effect on how disparate income and wealth are distributed is sometimes called:

According to Keynes consumption is a function of :

The change in income as a result of change in is investment called by Keynes as:

The multiplier is the reciprocal of

The welfare of all means:

Which of the following is not among Rostow's stages of growth

The Lausanne School is to Léon Walras as the Austrian School is to:

The desire of people to keep money with them is called by Keynes as:

Marginal efficiency of capital is :

The mew classical economics is based on

The author of 'Arthashastra' is

Vilfredo Pareto's very deductive mathematical models and proofs made the market seem quite mechanistic, an approach most notably rejected by his slightly older contemporary:

According to Keynes marginal efficiency of capital has a tendency to :

Explicit treatments of marginal analysis were least central to the writings of:

The economist who spent twenty years cautiously trying out his ideas on his students before finally presenting them to the world near the close of the 19th century was: ]

The study of the effect of consumption on investment is called

The two important determinants of investment according to Keynes are:

Marginalism and the idea that pricing reflects marginal utility and demand was a movement away from: