An important issue of macro economics is the determination of:
A) consumption
B) production
C) utility
D) income and employment
Correct Answer:
Verified
Q4: Keynes believed in :
A)full employment equilibrium
B)under employment
Q5: According to Keynes, wages and prices are:
A)rigid
B)flexible
C)variable
D)automatic
Q6: In Economics, 1930s is popularly known as
Q7: Keynes strongly argued for:
A)free trade
B)non-intervention of government
C)laissez-faire
D)governmental
Q8: Consumption expenditure directly varies with:
A)savings
B)investment
C)disposable income
D)rate of
Q10: Pick the odd one:
A)aggregate demand
B)effective demand
C)j.m. keynes
D)law
Q11: Which of the following items does not
Q12: Who is known as the father of
Q13: Goods without which people can not live
Q14: The problem of what to produce is
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