A. leave output unchanged
B. increase output
C. reduce output
D. increase the MPC
A. market imperfection
B. the law of diminishing returns
C. the paradox of thrift
D. market failure
A. 1(1-MPC)
B. 1/MPS
C. 1/MPC
D. a or b
The multiplier is calculated as___________? Read More »
Economics Mcqs, The National Economy A. marginal propensity to invest
B. disposable incomes
C. marginal propensity to consume
D. average propensity to consume
A. is less than
B. equals
C. is greater than
D. fluctuates around
Short-run equilibrium output means that aggregate demand __________ actual output? Read More »
Economics Mcqs, The National Economy A. tax evasion
B. poor statistics
C. the lags between statistical collection and publication
D. smuggling
When we refer to the hidden economy we mean unrecorded income owing to ? Read More »
Economics Mcqs, The National Economy A. including non-market activities
B. adjusted for inflation
C. including externalities
D. including tax evasion
Real GNP measures income ? Read More »
Economics Mcqs, The National Economy A. equal
B. be less than
C. be greater than
D. be less or greater than
In the circular flow we would expect leakages to ___________ injections? Read More »
Economics Mcqs, The National Economy A. investment, savings, government expenditure
B. savings, taxes net of subsidies imports
C. consumption investment government expenditure
D. consumption taxes imports
Leakages from the circular flow are _________ and __________? Read More »
Economics Mcqs, The National Economy A. 3>2>1
B. 3=2=1
C. 3<2<1
D. any measure can be larger or smaller than any other
