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Q. Suppose that the MPC out of disposable income was 0.8 and the tax function for a given economy was T= -30+0.25Y. an increase in the intercept of the tax function of 10 units(from -30 to -20 would cause equilibrium income in the simple Keynesian model to fall by

Q. Law of equi-marginal utility was suggested by

Q. In the simple Keynesian model, if the tax function is given by T=0.15Y and the consumption function is C= 50 + 0.7 YD then a 10-unit ncrease in government spending would increase equilibrium income by

Q. Which of the following is a measure to control inflation.

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Q. The income consumption curve generally?

Q. In the IS-LM model, an easy monetary in conjunction with a tight fiscal policy

Q. The quantity demanded of a product increases when

Q. Which of the following is a problem connected with general equilibrium analysis?

Q. When average product is falling, it is