In Keynesian viewpoint, the equilibrium level of income and employment in the economy will be established where:Īccording to the saving-investment viewpoint, income employment equilibrium will be determined at a point where:Īn increase in aggregate demand of equilibrium level of income and employment causes an increase in: Which one of the following is the determining factor of Equilibrium Income is the Keynesian Viewpoint?
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“Wage cut maintains full employment in the economy.” Who put forward this view? On which concept does classical viewpoint depend? IF MPC = 0.5, then Multiplier (k) will be: Who is the writer of the book, “Trained Economic Politique”? The main component of aggregate demand is: (d) Opening Deposit Account in the Bank Answer Which of the following is a Read Investment? Which is the determining factor for investment? On which factor Keynesian Theory of Employment depends? (b) No possibility of over-or under-production in the economy (a) State of full employment in the economy Which of the following is true for the Classical Theory of Employment? Who is the author of the book ‘General Theory of Employment, Interest, and Money’? If the marginal propensity to consume is greater than the marginal propensity to save, the value of the multiplier will be
If MPC = 1, the value of the multiplier is: On the basis of government law, the compulsory payment made by the public is known as _ Marginal propensity to consume in such a case would be _ As a result, the consumption expenditure rises from ₹ 4,000 crores to ₹ 4,600 crores. Suppose in a hypothetical economy, the income rises from ₹ 5,000 crores to ₹ 6,000 crores. Which is the measure of correcting excess demand? (A) Increase in public expenditure and decrease in taxes What is a fiscal measure of correcting deficient demand? If the income is ₹ 400 crores and consumption is ₹ 250 crores, what will be the APC? What is the cause of Keynesian perfectly elastic Aggregate Supply curve?Īccording to classical economists, there always exists _ equilibrium in the economy.
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