Basics of Economics MCQs and Notes
Q. The proportion between total income and total saving is called:
✅ Correct Answer: (B)
aps
Q. The proportion between incremental income and incremental consumption is called:
✅ Correct Answer: (C)
mpc
Q. The proportion between total income and total consumption is called:
✅ Correct Answer: (A)
average propensity to consume
Q. The concept of effective demand is associated with the name of:
✅ Correct Answer: (B)
keynes
Q. Effective demand is that demand when:
✅ Correct Answer: (C)
aggregate demand is equal to aggregate supply
Q. Who repudiated Say’s law of market?
✅ Correct Answer: (D)
j.m. keynes
Q. The central theme of Keynesian Theory is:
✅ Correct Answer: (C)
effective demand