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Macroeconomics Test Questions 2
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Macroeconomics Test Questions 2
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25 Questions

1. When output exceeds spending:
2. Wages and prices do not adjust quickly to restore general equilibrium is a property of
3. Imputed value of good is added to the GDP because:
4. _________ introduced the concept of welfare in the study of economics:
5. GDP Deflator is also called as:
6. APC is determined by the following equation:
7. The LM curve has a ----- slope
8. Keynesian economics is also known as:
9. Economic Laws are:
10. Knowledge used to combine resources productively is called:
11. Rate of change in savings to change in income:
12. Say’s law of market says:
13. Which one in the following is a stock variable?
14. In Keynesian terminology, investment means:
15. The ________ method consists in deriving conclusions from general truths, takes few general principles and applies them draw conclusions.
16. The concept of effective demand is associated with the name of
17. Net investment is
18. Which of the following can cause shifts in consumption function:
19. Who first introduced the concept of circular flow of income?
20. An equilibrium which holds a particular position over-time is:
21. As the value of MPC increases, the value of multiplier:
22. The marginal productivity of labour:
23. Keynes considered subjective and objective factors:
24. Who invented the General Equilibrium analysis?
25. In a two sector economy, aggregate demand is equal to

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