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WorksheetsEconomics Class 12
Total questions: 25
Worksheet time: 13mins
At Equilibrium level
Consumption = Investment
Saving =Investment
Consumption =Saving
Aggregate demand =Consumption
Multiplier is ________ related to MPC
Directly
Indirectly
Not
Rarely
If MPC is 0.6, then value of multiplier is
2.5
4
1.67
1
If MPC is zero, the value of multiplier is
0
1
Between 0 and 1
Infinity
In determination of Equilibrium level of Income by AD-AS approach, AD curve is represented by
(C+I) curve
(C+S) curve
(S+I) curve
(S+Y) curve
Average Propensity to Consume equal to
C/Y
Y/C
dC/dY
dY/dC
Autonomous Consumption indicates
Consumption related to income
Consumption not related to income
Minimum income
Both 1 and 2
Relationship between MPS and Multiplier is
Direct
Indirect
Not any relation
All of these
MPS can never be
1
More than 1
Less than 1
Zero
What is the formula of Investment Multiplier?
dY/dI
dI/dY
dS/dC
dC/dS
What is the shape of AD curve?
Upward rising from origin
Upward rising not from origin
Parallel straight line
Horizontal straight linr
What is the sum total of MPC and MPS
1
O
2
Less than 1
What is the sum total of MPC and MPS
Less than 1
1
O
Greater than 1
Can Consumption be negative?
Yes
No
Sometimes possible
None of these
What is break even point?
When Saving is zero
When consumption is zero
When Income is zero
When Saving is equal to Consumption
Which one is not correct?
APC+APS=1
MPC+MPC=1
APC=C/Y
APS=S/Y
Propensity to consume is equal to
Ratio between consumption and Income
Change in income to change in consumption
Ratio between consumption and saving
Change in income to change in saving
Ex-post saving mean?
Desired saving
Planned saving
Actual saving
None of these
Can Saving Curve be negative?
No
Yes
Sometimes
All of these
If MPS is 1/4, the value of multiplier is
6
4
8
1
Investment which is independent is termed as
Autonomous Investment
Induced Investment
Fixed Investment
Inventory Investment
At Equilibrium
AD=AS
S=C
S=Y
I=C
At the point where AD is equal to AS is
Over Employment level
Full Employment level
Under Employment level
Consumption function shows the relationship between
Consumption and Saving
Consumption and income
Saving and Income
Saving and Consumption
What is the shape of Autonomous Investment Curve?
Horizontal straight line
Vertical straight line
Upward rising
Downward sloping
