Top 50+ Solved Theory of Income and Employment MCQ Questions Answer
From 1 to 11 of 11
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 + bY, 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
- 1 (current)