Interest flexibility brings equality between __________

(a)

Income and consumption

(b)

Saving and investment

(c)

Demand and supply

(d)

Labour and capital

'Full employments the absence of involuntary unemployment' was said by __________.

(a)

J.B. Say

(b)

Ricardo

(c)

J.M. Keynes

(d)

Adam smith

Full employment as "that level of employment at which any further increase in spending would resort in an inflationary spiral of wages and prices" who quote this above concept.

(a)

J.M. Keynes

(b)

Lerner

(c)

J.B. Say

(d)

All the above

Rate of interest is a stock

(a)

Socialism

(b)

Keynesianism

(c)

Classicism

(d)

All the above

'Demand creates its own supply' - who said this.

(a)

Socialism

(b)

Keynesianism

(c)

Classicism

(d)

Both 'b' and 'c'

'Rate of interest is a reward for parting with liquidity' - Its belongs to which theory.

(a)

Keynesianism

(b)

Socialism

(c)

Both 'a' and 'b'

(d)

Classicism

Every economy in the world aims at attaining the level of _________

(a)

Full employment

(b)

Unemployment

(c)

Seasonal unemployment

(d)

Educated unemployment

A person receives his income from ______________

(a)

production

(b)

purchase

(c)

sales

(d)

None of the above

Total production equals to __________

(a)

total income

(b)

gross income

(c)

net income

(d)

total sales

Keynes theory of employment and income is the principle of _____________

(a)

long run

(b)

short run

(c)

capital

(d)

production

Keynes theory of employment and income is the principle of ____________

(a)

Reflective demand

(b)

Market demand

(c)

Effective demand

(d)

Individual demand

___________ was one of the most influential economists of the 20th Century.

(a)

J.B.Say

(b)

Marshall

(c)

John Maynard Keynes

(d)

Adamsmith

Effective demand equals to ____________

(a)

National income

(b)

Gross income

(c)

Total income

(d)

Net income

_________ is only a medium of exchange.

(a)

Money

(b)

Goods

(c)

Labour

(d)

Service

__________ is homogeneous

(a)

Goods

(b)

Product

(c)

Labour

(d)

Money