Macro-Economic Analysis-Determination of Output and Employment [NTA-NET (UGC-NET) Economics & Development (01)]: Questions 6 - 9 of 69

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Question 6

Appeared in Year: 2017

Question MCQ▾

In an economy, the saving and investment functions are given as:

What will be the equilibrium level of income?

Choices

Choice (4)Response

a.

900

b.

1000

c.

600

d.

700

Edit

Question 7

Appeared in Year: 2017

Question MCQ▾

Classical dichotomy refers to which of the following?

Choices

Choice (4)Response

a.

Influence of money is not on the real variables like employment and output but on price level.

b.

There are two sectors of the economy, namely, agriculture and industry.

c.

Savings come only from profits and not from wages.

d.

All of the above

Edit

Question 8

Appeared in Year: 2017

Question MCQ▾

Which among the following theory/approach does treat consumption to depend upon expected income?

Choices

Choice (4)Response

a.

Friedmans approach

b.

Keynes approach

c.

Life cycle approach

d.

Question does not provide sufficient data or is vague

Edit

Question 9

Appeared in Year: 2014

Question Match List-Ⅰ List-Ⅱ▾

Complete the statements given in List – I with List – II: (June)

List-Ⅰ (Group – I)List-Ⅱ (Group – II)
(A)

Instantaneous adjustment of income with investment spending occurs in

(i)

State multiplier

(B)

Major portion of multiplier is realized in fewer periods when

(ii)

Dynamic multiplier

(C)

Value of investment multiplier is zero when

(iii)

MPC is smaller

(D)

Consumption lags income by one period in

(iv)

Increase in investment expenditure is once for all

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (ii)
  • (iv)
  • (iii)
  • (i)

b.

  • (iv)
  • (i)
  • (ii)
  • (iii)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (iii)
  • (iv)
  • (ii)
  • (i)

Edit