Which of the following can cause shifts in consumption function:
A) psychological attitude
B) social practices
C) business motives
D) changes in price level
Correct Answer:
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Q8: When disposable income risesfrom Rs 500 to
Q9: In a two sector economy, aggregate demand
Q10: In Keynesian terminology, investment means:
A)financial investment
B)real investment
C)induced
Q11: Rate of change in savings to change
Q12: Keynesian economics is also known as:
A)supply side
Q14: APC is determined by the following equation:
A)c/y
B)s/y
C)?c/?y
D)?s/?y
Q15: In the Keynesian two sector model, when
Q16: Which of the following is not correct:
A)mpc
Q17: According to Keynes, saving is:
A)private virtue but
Q18: MEC isinversely related to:
A)prospective yield
B)supply price
C)investment
D)rate of
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