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    UNSOLVED ECO401 Quiz 3 Solution and Discussion

    ECO401 - Economics
    economics eco401 quiz 3 solution discussion
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    • zareen
      zareen Cyberian's Gold last edited by

      Quiz 3 Total Questions : 10
      Please read the following instructions carefully!
      Quiz will be based upon Multiple Choice Questions (MCQs).

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      • zareen
        zareen Cyberian's Gold last edited by

        Unlike the Classical economists, Keynes believed that the economy could get stuck in the short run for a significant period of time because:
        c4b9e02a-1e29-4a88-a6f0-e43a9d9018b7-image.png

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        • zareen
          zareen Cyberian's Gold last edited by

          Unemployment due to changing job or due to movement around the country is known as:
          862367a5-980d-4b15-acd2-e5ff08e15175-image.png

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          • zareen
            zareen Cyberian's Gold last edited by

            Gross Domestic Product is:
            138ec800-6ddd-451b-af14-99511349e813-image.png

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            • zareen
              zareen Cyberian's Gold last edited by

              In Keynesian economics, an inflationary gap results if aggregate expenditures are:
              3ffd460c-730f-49ad-bdac-96504657228a-image.png

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              • zareen
                zareen Cyberian's Gold last edited by

                If leakages into the circular flow of income rise, then the value of multiplier will:
                36caec56-c566-45a9-b485-8beb99ad312e-image.png

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                • zareen
                  zareen Cyberian's Gold last edited by

                  The aggregate supply curve is the relationship between the:

                  cce7574b-b890-429e-878c-4ca0dc4e93d1-image.png

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                  • zareen
                    zareen Cyberian's Gold last edited by

                    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?
                    765283bb-5039-441e-91a2-b1091311bed9-image.png

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                    • zareen
                      zareen Cyberian's Gold last edited by

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

                      125e6f45-eec2-425f-a031-94e7d7aea412-image.png

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                      • zareen
                        zareen Cyberian's Gold last edited by

                        Gross National Product (GNP) is:
                        0a0f9f1f-72bc-4c9c-a6f9-ddf1a92980f1-image.png

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                        • zareen
                          zareen Cyberian's Gold last edited by

                          The concept that “Demand creates its own supply" is given by:
                          9295046a-7a14-4667-bd4d-ea881db5a8fb-image.png

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