Economics Paper 23

1

As the MPS increases, the multiplier will






2

In macroeconomics, equilibrium is defined as that point at which






3

The ratio of the change in the equilibrium level of output to a change in some autonomous component of aggregate demand is the






4

Assuming there are no taxes (and no foreign sector), if the MPC is .8, the multiplier is






5

Assuming the net income tax rate is 25% (and there is no foreign sector), if the MPC is 0.8, the multiplier is






6

Assuming there is no foreign sector, if the multiplier is 3, and the net income tax rate is 20%, the MPC is






7

Assume there is no government or foreign sector. If the MPC is .75, a Rs.20 billion decrease in planned investment will cause aggregate output to decrease by






8

If injections are less than withdrawals at the full-employment level of national income, there is






9

The accelerator theory of investment says that induced investment is determined by






10

The diagram that shows the mone y received and paid out by each sector of the economy is the






Result

Total Questions:
Correct Answers:
Wrong Answers:
Percentage: