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Macroeconomics Test Questions 2
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Macroeconomics Test Questions 2
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25 Questions

1. Who propounded Psychological law of consumption
2. Monetarism is associated with:
3. Saving is a function of
4. The simplest ISLM model consists of:
5. Which one in the following is a flow variable?
6. Knowledge used to combine resources productively is called:
7. Autonomous investment is
8. The quantity theory of money was restated by:
9. Inductive method which also called empirical method was adopted by the:
10. In classical theory the equality between saving and investment is brought about by:
11. According to Keynes, saving is:
12. Equation of exchange is associated with:
13. Adam Smith, the father of modern economic theory, defined economics as a subject, which is mainly concerned with the study of nature and causes of generation of ______
14. In classical theory the level of employment is a function of:
15. Who invented the General Equilibrium analysis?
16. Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses:
17. _________ introduced the concept of welfare in the study of economics:
18. Keynesian economics is also known as:
19. If the value of a variable varies as a consequence of the variation in the value of some other variable, it is called:
20. Net investment is
21. The services of a house wife are:
22. Which policy is effective in the Classical range?
23. ________is a term referring to an intellectual controversy over epistemology, research methodology between Carl Menger, and Gustav von Schmoller.
24. In a closed economy, the value of multiplier , when MPC is 0.90
25. The MEC increases when:

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