Q 1. Aggregate Demand (AD) is a:
Q 3. The levels of consumption pertaining to different levels of income is known as _______________
Q 4. The line of reference is a straight line upward sloping curve from the origin, implying that:
Q 5. At the break-even point, the value of APC will be:
Q 6. MPC of the _______________ is less than that of the _______________
Q 8. Both APC and MPC can be equal to one.
Q 9. The nature of relationship between rate of interest and investment expenditure of the firms is:
Q 10. APC is the slope of the consumption line.
Q 12. Aggregate supply can be explained as:
Q 14. The ratio of change in consumption to a change in income is known as:
Q 16. On the basis of types, investment of the firms can be classified as:
Q 18. Using which formula, can Net Exports demand be calculated?
Q 19. With an increase in the level of income, what happens to the APC?