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
Q3: When MPS = 0.2, MPC will be<br>A)0.8<br>B)0.2<br>C)1.2<br>D)20
Q4: In the Keynesian two sector economy, AD>AS,
Q5: Who postulated the law Supply creates its
Q6: Ratio of consumption expenditure to any particular
Q7: Autonomous investment is<br>A)income inelastic<br>B)instable<br>C)interest elastic<br>D)incomeelastic
Q9: The interest rate paid on bonds is
Q10: In a closed economy, the value of
Q11: According to Keynes, rising aggregate income is
Q12: Monetarism is associated with:<br>A)keynesian school<br>B)chicago school<br>C)cambridge school.<br>D)neo-classical
Q13: MEC for a capital good was found