Top 50+ Solved Theories of Output and Employment MCQ Questions Answer
From 1 to 13 of 13
Q. When output exceeds spending:
a. There is unsold output, and level of output will fall
b. There is unsold output, and level of output will rise
c. There is unsold output, and level of spending will rise
d. There is no unsold output since the level of spending will rise
Q. Entrepreneurs will have no tendency to expand or contract output and employment when
a. AD>AS
b. AD<AS
c. AD=AS
d. None of the above
Q. The concept of effective demand is associated with the name of
a. Marshall
b. Keynes
c. Krugman
d. Say
Q. Net investment is also known as
a. Depreciation
b. Induced investment
c. Autonomous investment
d. Capital formation
Q. In the linear consumption function C = a + b(Y), coefficient ‘a’ denotes
a. MPC
b. APC
c. Autonomous consumption
d. Induced consumption
Q. Keynes assumed the presence of --------- economy for the fundamental law ofconsumption
a. Capitalistic
b. Socialistic
c. Planned
d. None of the above
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