There is —————- relationship between consumption and income:
A) Neutral B) Positive C) Negative D) None of these
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Which school of thought is against government intervention in economy?
A) Monetarist macro economist B) Keynesian macro economist C) Economic …
Keynesian prefer ————— over monetary policy for macroeconomic stabilization:
A) Trade Policy B) Health policy C) Market policy D) Fiscal policy
What was the major issue of economy?
A) Output B) Unemployment C) Inflation D) All of these
Which was the major issue of 1930s?
A) Lack of firms B) Output C) Unemployment D) All of these
LM shows the general equilibrium of what?
A) Goods Market B) Price Market C) Money Market D) All …
IS shows the general equilibrium of:
A) Money Market B) Price Market C) Goods Market …
John Hicks presented the concept of what?
A) AD & LM B) LM & AS C) IS & LM D) All …
Which of the following introduced the concept of interest rate in determination of national income?
A) Alfred Marshal B) J. M. Keynes C) John Hicks D) John Milton
In 1930s during great depression J.M Keynes presented his theory of what?
A) Interest and income B) Income and cost C) Income and employment D) …