MCQ Economics Class 12 Chapter 1 Introduction Macroeconomics Advertisement MacroeconomicsMCQ’s For All Chapters – Macroeconomics Class 12th 1. Which among the following is not a feature of Keynesian theory?Short runWage price flexibilityFiscal policyUnderemployment equilibriumQuestion 1 of 122. Under classical theory, rate of interest is determined byDemand for money and supply of moneyDemand for capital and supply of savingsDemand for investment and price levelDemand for investment and supply of moneyQuestion 2 of 123. In the classical view, the price level is determined byaggregate supplyaggregate demand and supplysupply of moneyaggregate demandQuestion 3 of 124. Under Keynesian theory of income determination, investmentDepends on incomeEndogenousExogenousDepends on money supplyQuestion 4 of 125. A laptop purchased by consumer is an example ofAn intermediate goodA consumer goodIntermediate consumptionNone of the aboveQuestion 5 of 126. Under Keynesian model aggregate expenditure is measures alongVertical axisHorizontal axisVertical intercept450 lineQuestion 6 of 127. The value of MPC in Keynesian model is:greater than zero and less than oneMPC=1MPC greater than oneNone of the aboveQuestion 7 of 128. Two sector economy consists of:Households, firmsHouseholds, GovernmentFirms, Foreign sectorFirms, Government. Question 8 of 129. If factor cost is greater than Market price, then it means that:Indirect taxes > subsidiesIndirect taxes = subsidiesIndirect Taxes < SubsidiesIndirect taxes = and > subsidies Question 9 of 1210. Market price ad factor cost would be equal when there is:no direct taxno indirect taxno subsidyno indirect tax and no subsidyQuestion 10 of 1211. In which type of economy, domestic income is equal to national income?Open economyClosed EconomyBoth a and bNeither a nor bQuestion 11 of 1212. National income is equal to:Domestic product plus factor income earned from abroaddomestic product plus net factor income earned from abroadDomestic product mins factor income earned from abroadDomestic product plus export minus importsQuestion 12 of 12 Loading...
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