The proportion between incremental income and incremental consumption is called:
A) apc
B) aps
C) mpc
D) mps
Correct Answer:
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Q10: The central theme of Keynesian Theory is:
A)laissez-faire
B)free
Q11: Who repudiated Say's law of market?
A)j.b. say
B)david
Q12: Effective demand is that demand when:
A)aggregate demand
Q13: The concept of effective demand is associated
Q14: The proportion between total income and total
Q16: The proportion between total income and total
Q17: 1- MPC is called:
A)apc
B)aps
C)mpc
D)mps
Q18: APC + APS is equal to:
A)0
B)>0
C)1
D)<0
Q19: Multiplier is obtained by:
A)1 - mpc
B)1/1- mps
C)1/1-
Q20: Exports minus imports is termed as:
A)net income
B)net
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