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Published on: 26/08/2019
Theories of Employment and Income
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1.
Keynes theory of employment and income is the principle of _____________
long run
short run
capital
production
2.
Total production equals to __________
total income
gross income
net income
total sales
3.
A person receives his income from ______________
production
purchase
sales
None of the above
4.
Every economy in the world aims at attaining the level of _________
Full employment
Unemployment
Seasonal unemployment
Educated unemployment
5.
'Rate of interest is a reward for parting with liquidity' - Its belongs to which theory.
Keynesianism
Socialism
Both 'a' and 'b'
Classicism
6.
Rate of interest is a stock
Socialism
Keynesianism
Classicism
All the above
7.
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.
J.M. Keynes
Lerner
J.B. Say
All the above
8.
'Full employments the absence of involuntary unemployment' was said by __________.
J.B. Say
Ricardo
J.M. Keynes
Adam smith
9.
Interest flexibility brings equality between __________
Income and consumption
Saving and investment
Demand and supply
Labour and capital
10.
________ theory is a turning point in the development of modern economic theory.
Keynes’
Say’s
Classical
Employment
11.
Keynes attributes unemployment to_______.
A lack of effective supply
A lock of effective demand
A lack of both
None of the above
12.
13.
According to Keynes, which type of unemployment prevails in capitalist economy ?
Full employment
Voluntary unemployment
Involuntary unemployment
Under employment
14.
If every able bodied person who is willing to work at the prevailing wage rate is employed called _______.
Full employment
Under employment
Unemployment
Employment opportunity
15.
Aggregate supply function
16.
Keynes' book
17.
AD
18.
Cyclical Unemployment
19.
Full employment
1.
(b)
short run
2.
(a)
total income
3.
(a)
production
4.
(a)
Full employment
5.
(a)
Keynesianism
6.
(c)
Classicism
7.
(b)
Lerner
8.
(c)
J.M. Keynes
9.
(b)
Saving and investment
10.
(a)
Keynes’
11.
(b)
A lock of effective demand
12.
(c)
13.
(d)
Under employment
14.
(a)
Full employment
15.
ASF
16.
The general theory of employment interest and money
17.
Y = C + I = Output = Employment
18.
Caused by deficiency of effective demand
19.
Lerner
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Chemistry
Physics
Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
Biology
Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
Economics
Maths
Chemistry
Physics
Computer Technology
History
Accountancy
Tamil
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