macro

term macro first used

• Adam Smith

• Ricardo

• Ragnar Frish

• Marshl

Ceteris paribus mean

• The model is logical

• Other factors held constant

• dependent variable

• none of the above

Find odd one

• Adam smith

• David Ricardo

• Malthus

• Keynes

Stock variable is measured

• At a point of time

• During a period of time

• all of the above

• none of the above

Which of the following is not a macro variable

• National income

• national output

• Price of wheat

• general price level

Find odd one

• Service of house wife

• Imputed labour

• rent

• profit

GNP Gap

• GNP -NNP

• GNP-NI

• GNP-GDP

• Potential GNP- ACTUAL GNP

WINDFALL GAIN ARE

• PART OF NATIONAL IONCOME

• NOT A PART OF NATIONAL INCOME

• PART OF GDP

• PART OF GNP

PIGOU EFFECT IS ALSO KNOWN AS

• INCOME EFFECT

• SUBSTITUTION EFFECT

• WEALTH EFFECT

• Price effect

In classical economy saving investment equality brough by

• Income

• rate of interest

• Multiplier

• None of the above