If MPC = 4/5, then value of the multiplier is:
A) 20
B) 5
C) 0.80
D) 1.25
Correct Answer:
Verified
Q5: National income is a:
A)Cross section analysis
B)Flow concept
C)Stock
Q6: The services of a house wife are:
A)Not
Q7: Inflation can not be caused by:
A)Cost push
Q8: By representing amounts of proceeds by all
Q9: "Effective demand is different from aggregate demand".
Q11: In the Cambridge equation of M =KPR,
Q12: Who had a different macro theory than
Q13: "Mr. Keynes and the Classics" is the
Q14: The quantity theory of money is primarily
Q15: Which one of the following is not
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