Keynes theory pursues to replace laissez faire by ___________

(a)

No government intervention

(b)

Maximum intervention

(c)

State intervention in certain situation

(d)

Private sector intervention

In Keynes theory of employment and income, ___________ is the basic cause of economic depression

(a)

Less production

(b)

More demand

(c)

Inelastic supply

(d)

Less aggregate demand in relation to productive capacity

Classical theory advocates_______

(a)

Balanced budget

(b)

Unbalanced budget

(c)

Surplus budget

(d)

Deficit budget

In Keynes theory , the demand for and supply of money are determined by ________

(a)

Rate of interest

(b)

Effective demand

(c)

Aggregate demand

(d)

Aggregate supply

Say’s law stressed the operation of________ in the economy

(a)

Induced price mechanism

(b)

Automatic price mechanism

(c)

Induced demand

(d)

Induced investment