Question

macro economics is concerned with .the level of output of good and services , the general level of prices , the growth of income and all of above​

Answer 1

Explanation:

It States that

The first law, also known as Law of Conservation of Energy, states that energy cannot be created or destroyed in an isolated system. ... The third law of thermodynamics states that the entropy of a system approaches a constant value as the temperature approaches absolute zero

Answer 2

Answer:

1. The first National Income calculation on a scientific basis in India is in the year

A. 1947-48 B. 1951-52 C. 1931-32 D. 1990-91

2. NNP means

A) GDP – depreciation B. GDP + depreciation C. NNP – depreciation

D. GNP – depreciation

3. “Rest of the world” is the major element in

A. Two sector model B. Three sector model C. Four sector model D. All the above

4. Cotton yarns purchased by handloom worker is

A. An intermediate good B. A consumer good C. A capital good D. None of these

5. “ Inflation is always and everywhere a monetary phenomenon” these are the famous words of

Milton Friedman B. Adam Smith C. David Ricardo D. J M Keynes

When the rise prices is very slow like that of a snail is called

A. Hyper inflation B. Running inflation C. Creeping inflation D. Walking inflation

The concept of “ laissez-faire” was the contribution of

A. Classical economist B. Neo Classical economist C. Keynesian economist

D. Supply side economist

“ Supply creates its own demand” is the idea of

A. JB Say B. Samuelson C) JM Keynes D) Milton Friedman

Which of the following is not an assumption of classical theory

A Neutrality of money B Wage price flexibilityC. Involuntary unemployment

D. Long run

10. Defects in SNA include

A. Neglects depletion of natural capital B. Neglects environmental pollution

C. Expenditure to defend the effects of pollution D. All of the above

11. Green accounting accounts for

A. Depletion of natural resources B. Costs of environmental degradation

C. Pollution D. All of the above

12. Quantity of money according to classical theory will determine the

A Saving and investment B National output C Real wage D. Price level

13. Under Keynesian cross model , rate of interest is

A. Endogenous variable B. Exogenous variable C. Exponential variable

D. None of the above

14. Wage price flexibility is the contribution of which of the following economist?

A. J B Say B . J M Keynes C. J S Mill D. A C Pigou

Explanation: