12th Economics Lesson 4 Online Test | Consumption and Investment Functions

12th Economics Lesson 4 Online Test | Consumption and Investment Functions


1➤ The average propensity to consume is measured by –

2➤ An increase in the marginal propensity to consume will:

3➤ If the Keynesian consumption function is C = 10 + 0.8 Y then, if disposable income is Rs 1000, what is amount of total consumption?

4➤ If the Keynesian consumption function is C = 10 + 0.8 Y then, when disposable income is Rs 100, what is the marginal propensity to consume?

5➤ If the Keynesian consumption function is C = 10 + 0.8 Y then, and disposable income is ₹ 100, what is the average propensity to consume?

6➤ As national income increases –

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7➤ As increase in consumption at any given level of income is likely to lead –

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8➤ Lower interest rates are likely to:

9➤ The MPC is equal to:

10➤ The relationship between total spending on consumption and the total income is the –

11➤ The sum of the MPC and MPS is –

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12➤ As income increases, consumption will –

13➤ When investment is assumed autonomous the slope of the AD schedule is determined by the –

14➤ The multiplier tells us how much changes after a shift in –

15➤ The multiplier is calculated as –

16➤ It the MPC is 0.5, the multiplier is –

17➤ In an open economy import ………………………. the value of the multiplier

18➤ According to Keynes, investment is a function of the MEC and –

19➤ The term super multiplier was first used by –

20➤ The term MEC was introduced by –

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