Theories of Output and Employment MCQ
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Theories of Output and Employment MCQ
11. Saving is a function of
12. Entrepreneurs will have no tendency to expand or contract output and employment when
13. The slope of the consumption function is called
14. The concept of effective demand is associated with the name of
15. Psychological law of consumption states that the value of MPC is lies between zero and
16. Net investment is also known as
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17. In the saving function S = -a + 1-b(Y), the term ‘b’ denotes
18. Who propounded Psychological law of consumption
19. When MPS = 0.2, MPC will be
20. In the linear consumption function C = a + b(Y), coefficient ‘a’ denotes
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