Question

1. Choose the correct answer. Write only the alphabet.

1) MPC is?
a) C/Y
b) AC/AY
d) None of these
.
2) The relationship between changes in income as a result of change in
autonomous investment is known as?
a) Super multiplier
b) Multiplier
c) Accelerator
d) None of these
.
3) National income denotes?
a) Revenue of the government in one year
b) Revenue of nationalized banks and enterprises
c) Budgetary surplus of the government
d) Sum total of all factor earning in the country
.
4) Short-run Philip's curve explains?
a) Trade-off between inflation and unemployment
b) Inverse relationship between output and price level
c) Trade-off between marginal tax rate and tax revenue
d) None of these
.
5) In the IS-LM model, the money market equilibrium requires equality between?
a) Saving and investment
b) Demand for and supply of money
c) Demand for and supply of labour
d) Consumption and investment​

Answer 1

Answer:

1 d

2c

3 d

4 don't know

5dont know