In the Keynesian two sector model, when AD = AS, then:
A) S
C) S=I
D) I=0
Correct Answer:
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Q12: When disposable income rises from Rs 500
Q13: In a two sector economy, aggregate demand
Q14: In Keynesian terminology, investment means:
A)Financial investment
B)Real investment
C)Induced
Q15: Rate of change in savings to change
Q16: Keynesian economics is also known as:
A)Supply side
Q17: Which of the following can cause shifts
Q18: APC is determined by the following equation:
A)C/Y
B)S/Y
C)?C/?Y
D)?S/?Y
Q20: Which of the following is not correct:
A)MPC
Q21: According to Keynes, saving is:
A)Private virtue but
Q22: MEC is inversely related to:
A)Prospective yield
B)Supply price
C)Investment
D)Rate
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