Commerce Exam > Commerce Notes > Crash Course of Macro Economics -Class 12 > MCQs - Determination Of Equi. level of Income, Output and Employment
MCQs - Determination Of Equi. level of Income, Output and Employment | Crash Course of Macro Economics -Class 12 - Commerce PDF Download
Q.1 As per Keynesian Economics, the equilibrium level of income is determined at a level where
(a) Ex-ante savings = ex-ante investments
(b) Ex- post saving = ex-post investments
(c) Both (a) and (b)
(d) Neither (a) nor (b)
Ans: A
Q.2 As per Keynesian Economics, the equilibrium level of income is determined at a level where
(a) Aggregate Demand is more than 450 line
(b) Aggregate demand is less than 450 line
(c) Aggregate Demand – curve intersects 450 line
(d) All of the above
Ans: C
Q.3 In case of equilibrium below the full employment condition
(a) AS > AD & resources are fully utilized
(b) AD > AS & resources are not fully utilized
(c) AD = AS but resources area not fully utilized
(d) None of the above.
Ans: B
Q.4 Problem of unemployment is the problem of
(a) Voluntary unemployment
(b) Involuntary employment
(c) Involuntary unemployment
(d) One of the above
Ans: C
Q.5 Fiscal policy is maintained by
(a) NITI Aayog
(b) Supreme Court of India
(c) Government of India
(d) Reserve Bank of India
Ans: C
Q.6 Since AS = C + S and AD = C + I , the equilibrium will be established where C + S = C + I, or where:
(a) S = I
(b) S > I
(c) S < I
(d) all of these
Ans: A
Q.7 Equilibrium level of income/output and employment is viewed from which of the following approaches?
(a) AS = AD approach
(b) S = I approach
(c) Both (a) and (b)
(d) None
Ans: C
Q.8 Keynes discusses equilibrium level of output, using the concept of :
(a) autonomous investment
(b) induced investment
(c) both (a) and (b)
(d) none of these
Ans: A
Q.9 --------- refers to actual saving in an economy during a year
(a) APS
(b) Ex-ante saving
(c) Ex-post saving
(d) MPS
Ans: C
Q.10 According to Keynes, the main cause of unemployment is
(a) Lack of saving
(b) Lack of investment
(c) Deficiency in aggregate demand
(d) Deficiency in aggregate supply
Ans: C
Q.11 Alternative approach to AD = AS approach is :
(a) C = 1
(b) C = S
(c) S = 1
(d) None of the above
Ans: C
The document MCQs - Determination Of Equi. level of Income, Output and Employment | Crash Course of Macro Economics -Class 12 - Commerce is a part of the Commerce Course Crash Course of Macro Economics -Class 12.
All you need of Commerce at this link: Commerce
|
34 docs|4 tests
|
FAQs on MCQs - Determination Of Equi. level of Income, Output and Employment - Crash Course of Macro Economics -Class 12 - Commerce
| 1. What is the equilibrium level of income, output, and employment? |  |
Ans. The equilibrium level of income, output, and employment refers to the point at which aggregate demand equals aggregate supply in an economy. It represents a state of balance where there is no tendency for the economy to deviate from this level.
| 2. How is the equilibrium level of income, output, and employment determined? | |
Ans. The equilibrium level is determined by the intersection of the aggregate demand (AD) and aggregate supply (AS) curves. At this point, the total spending in the economy matches the total production and employment, resulting in a stable equilibrium.
| 3. What factors can cause a shift in the equilibrium level of income, output, and employment? | |
Ans. Several factors can cause a shift in the equilibrium level, including changes in government spending, taxation, consumer confidence, interest rates, and international trade. These factors can affect aggregate demand and supply, causing the equilibrium level to shift.
| 4. What are the implications of an equilibrium level of income, output, and employment below the full employment level? | |
Ans. If the equilibrium level is below the full employment level, it indicates a state of recession or unemployment in the economy. This implies that there is unused productive capacity and resources, leading to a decline in income and output.
| 5. How does the concept of the multiplier effect relate to the determination of the equilibrium level of income, output, and employment? | |
Ans. The multiplier effect refers to the phenomenon where an initial change in spending leads to a more significant change in income and output. It plays a crucial role in determining the equilibrium level as it amplifies the impact of changes in aggregate demand. Higher multipliers can lead to a larger shift in the equilibrium level.
Related Exams
About this Document
|
4.67/5 Rating |
|
Nov 09, 2024 Last updated |
Document Description: MCQs - Determination Of Equi. level of Income, Output and Employment for Commerce 2024 is part of Crash Course of Macro Economics -Class 12 preparation.
The notes and questions for MCQs - Determination Of Equi. level of Income, Output and Employment have been prepared according to the Commerce exam syllabus. Information about MCQs - Determination Of Equi. level of Income, Output and Employment covers topics
like and MCQs - Determination Of Equi. level of Income, Output and Employment Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for MCQs - Determination Of Equi. level of Income, Output and Employment.
Introduction of MCQs - Determination Of Equi. level of Income, Output and Employment in English is available as part of our Crash Course of Macro Economics -Class 12
for Commerce & MCQs - Determination Of Equi. level of Income, Output and Employment in Hindi for Crash Course of Macro Economics -Class 12 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: MCQs - Determination Of Equi. level of Income, Output and Employment | Crash Course of Macro Economics -Class 12 - Commerce
Description
Full syllabus notes, lecture & questions for MCQs - Determination Of Equi. level of Income, Output and Employment | Crash Course of Macro Economics -Class 12 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Crash Course of Macro Economics -Class 12 | Best notes, free PDF download
Information about MCQs - Determination Of Equi. level of Income, Output and Employment
In this doc you can find the meaning of MCQs - Determination Of Equi. level of Income, Output and Employment defined & explained in the simplest way possible. Besides explaining types of
MCQs - Determination Of Equi. level of Income, Output and Employment theory, EduRev gives you an ample number of questions to practice MCQs - Determination Of Equi. level of Income, Output and Employment tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs - Determination Of Equi. level of Income
,Semester Notes
,Important questions
,Sample Paper
,Extra Questions
,mock tests for examination
,Viva Questions
,Output and Employment | Crash Course of Macro Economics -Class 12 - Commerce
,Objective type Questions
,MCQs - Determination Of Equi. level of Income
,practice quizzes
,study material
,shortcuts and tricks
,MCQs
,Free
,Output and Employment | Crash Course of Macro Economics -Class 12 - Commerce
,video lectures
,ppt
,Output and Employment | Crash Course of Macro Economics -Class 12 - Commerce
,Previous Year Questions with Solutions
,past year papers
,Exam
,Summary
,MCQs - Determination Of Equi. level of Income
;
Additional Information about MCQs - Determination Of Equi. level of Income, Output and Employment for Commerce Preparation
MCQs - Determination Of Equi. level of Income, Output and Employment Free PDF Download
The MCQs - Determination Of Equi. level of Income, Output and Employment is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the MCQs - Determination Of Equi. level of Income, Output and Employment now and kickstart your journey towards success in the Commerce exam.
Importance of MCQs - Determination Of Equi. level of Income, Output and Employment
The importance of MCQs - Determination Of Equi. level of Income, Output and Employment cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
MCQs - Determination Of Equi. level of Income, Output and Employment Notes
MCQs - Determination Of Equi. level of Income, Output and Employment Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to MCQs - Determination Of Equi. level of Income, Output and Employment.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, MCQs - Determination Of Equi. level of Income, Output and Employment Notes on EduRev are your ultimate resource for success.
MCQs - Determination Of Equi. level of Income, Output and Employment Commerce Questions
The "MCQs - Determination Of Equi. level of Income, Output and Employment Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study MCQs - Determination Of Equi. level of Income, Output and Employment on the App
Students of Commerce can study MCQs - Determination Of Equi. level of Income, Output and Employment alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the MCQs - Determination Of Equi. level of Income, Output and Employment,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of MCQs - Determination Of Equi. level of Income, Output and Employment is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup