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Q. A decrease in expected future income, ______ consumption expenditure and ______ saving.

Q. The Menu cost model is associated with

Q. Liquidity trap is a situation when,

Q. If the aggregate supply curve is perfectly elastic as in the Keynesian model at low level of national incomes, as increase in AD will cause an increase in

Q. The formula to compute the spending multiplier is

Q. Real balance effect is equal to –

Q. According to Keynes, there is

Q. Which one the following economists is the chief advocate of supply side economics

Q. According to Milton Friedman Theory of permanent component of consumption-expenditure depends on i. Transitory income alone ii. Transitory and permanent income iii. Permanent income alone iv. Windfall gains Codes :

Q. The concepts of inside money and outside money is given by