test cusat

Father of Economics

• Ricardo

• Adam Smith

• J.S.Mill

• Amartya Sen

Example of near money

• Savings

• Time deposits

• Currency

• Demand deposits

Tax is

Barter economy has a limitation of

• time

• double coincidence of wants

• price

• value

High powered money is

• broad money

• narrow money

• near money

• outside money

Consumer surplus was advocated by

• Marshall

• pigou

• keynes

• Ricardo

Value of multiplier depends on

• demand

• mpc

• apc

• aps

Broad money is controlled by

• RBI

• public

• Reserves

• None of these

QTM is found by

• Fisher

• Pigou

• Marshall

• Friedman

Irreversibility of consumption with respect to fall in income is

• Demonstration effect

• Concentration effect

• Displacement effect

• Ratchet effect