Author: Study Clue

Fiscal deficit refers to the excess of A Revenue expenditure over revenue receipts B Total expenditure over total receipts excluding

Revenue expenditure refers to government expenditure which A Creates assets B Reduces liabilities C Is recurring in nature D Is

A government budget is best defined as A A statement of assets and liabilities B An annual financial statement of

The accelerator principle explains the relationship between A Income and consumption B Investment and consumption C Investment and changes in

The consumption function shows the relationship between A Consumption and saving B Consumption and income C Saving and income D

Effective demand in Keynesian theory refers to A Desire backed by purchasing power B Total demand for goods C Demand

According to the classical economists, full employment is achieved when A Aggregate demand equals aggregate supply B All willing workers

Money market refers to the market for A Long-term funds B Medium-term funds C Short-term funds D Equity shares Explanation

A bank is best described as an institution that A Prints currency B Accepts deposits and advances loans C Controls

Inflation refers to A Fall in general price level B Rise in general price level over time C Rise in