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  • Cyberian's Gold

    Quiz 3 Total Questions : 10
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  • Cyberian's Gold

    Unlike the Classical economists, Keynes believed that the economy could get stuck in the short run for a significant period of time because:

  • Cyberian's Gold

    Unemployment due to changing job or due to movement around the country is known as:

  • Cyberian's Gold

    Gross Domestic Product is:

  • Cyberian's Gold

    In Keynesian economics, an inflationary gap results if aggregate expenditures are:

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    If leakages into the circular flow of income rise, then the value of multiplier will:

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    The aggregate supply curve is the relationship between the:


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    Suppose if investment rises by Rs 100 billion at each price level. If the value of the multiplier is 4, what is the amount of change in real GDP demanded at each price level?

  • Cyberian's Gold

    Overestimation of national product in national income calculations is known as:


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    Gross National Product (GNP) is:

  • Cyberian's Gold

    The concept that “Demand creates its own supply" is given by:

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