Question

is in equilibrium when aggregate demand is equal to aggregate
22. The the IS-LM Model has been put forward by______
a) Keynes
b) Hicks
c) JS Mill
d) K E Boulding
23.______ is in equilibrium when aggregate demand is equal to aggregate income

a) Money market
b) Goods market
c) Financial market
Labour market
24. Goods market is in equilibrium when_______
a) Aggregate demand is equal to aggregate income
b) Aggregate demand is equal to aggregate supply
c) Aggregate supply is equal to aggregate income
d) Aggregate supply is equal to interest rate
25. ______relates different equilibrium levels of national income with variou
rates of interest
a) IS curve
a) Demand curve
b) MM curve
b) Supply curve
26. IS curve relates different equilibrium levels of national income with
various______
a) Rates of interest
b) Income
c) Expenditure
d) consumption
27. The IS curve has _____
a) negative slope
b) Upward
c) constant
d) Inelastic

28. _______curve has a negative slope.
a) LM
b) CC c)ss D)IS​

Answer 1

Answer

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