Question

II. Fill in the blanks :
11) The concept of MEC is associated with the name of
(J. B. Clark /J. M. Keynes)
_______________________
12) Permanent income theory of consumer's behavior has been put forward by
(Duesenberry/Milton Friedman)
_______________________
13) If the value of MPS 0.5, Multiplier is
(2, 4)
_______________________
14) The book "Purchasing Power of Money has been written by
(J. M. Keynes / Irving Fisber)
_______________________
15) LM curve represents
(Goods Market Equilibrium/Money Market Equilibrium)
_______________________​

Answer 1

Answer:

11. j.b. Clark

12. Dues berry

13. lrving finder

15. money market equilibrium

Explanation:

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