Effective demand in Keynesian theory refers to A Desire backed by purchasing power B Total demand for goods C Demand
Continue readingCategory: 0. BLOG
Your blog category
Chapter 8: Determination of Income and Employment (Set-1)
According to the classical economists, full employment is achieved when A Aggregate demand equals aggregate supply B All willing workers
Continue readingChapter 7: Money, Banking and Inflation (Set-4)
Money market refers to the market for A Long-term funds B Medium-term funds C Short-term funds D Equity shares Explanation
Continue readingChapter 7: Money, Banking and Inflation (Set-3)
A bank is best described as an institution that A Prints currency B Accepts deposits and advances loans C Controls
Continue readingChapter 7: Money, Banking and Inflation (Set-2)
Inflation refers to A Fall in general price level B Rise in general price level over time C Rise in
Continue readingChapter 7: Money, Banking and Inflation (Set-1)
Money is best defined as anything that A Is issued by the government B Has intrinsic value C Is generally
Continue readingChapter 6: National Income and Related Aggregates (Set-4)
National income statistics are primarily used to A Fix individual wages B Measure economic performance of a country C Control
Continue readingChapter 6: National Income and Related Aggregates (Set-3)
One major difficulty in measuring national income in developing countries is A Excessive documentation B Large non-monetized sector C High
Continue readingChapter 6: National Income and Related Aggregates (Set-2)
The product method of measuring national income is also known as A Value-added method B Income method C Expenditure method
Continue readingChapter 6: National Income and Related Aggregates (Set-1)
National income refers to A Total money supply in an economy B Total value of final goods and services produced
Continue reading