class 12 Economics-Determination of Income and Employment

Autonomous consumption is indicated by --- in the consumption function.

• C

• AC

• _

  C

What is the value of MPC when MPS is zero?

• 1

• 0

• 0.5

What can be the maximum value of MPS?

• 0

• 1

• 2

Aggregate supply = Consumption

• Supply

• investment

• saving

There is a ---- relationship between MPS and investment multiplier.

• positive

• inverse

• direct

In case of excess demand, the RBI------ the bank rate or interest rate which makes the credit drear

• increases

• decreases

• deposit

What is the other name name of fiscal policy

• Quantitative

• Qualitative

• Fiscal

When does a situation of deficient demand arise in an economy?

• S<1

• S>1

• Ad>AS

• AD<AS

Inflationary gap

• Excess Demand

• Implicit Demand

• Revenue policy

 What is the formula of APS?

•  $\Delta$  C/Y

• S/Y

• Y/S