CBSE Questions for Class 12 Commerce Economics Introduction To Macroeconomics Quiz 3 - MCQExams.com

Issues related to unemployment are studied at the _________.
  • micro level
  • macro level
  • micro as well as macro level
  • none of the above
State which of the following refers to the macro approach from a national angle.
  • Unemployment among the educated people in India.
  • Profitability ratio of Bharat Heavy Electricals Limited (BHEL).
  • Turnover ratio in Telco.
  • None of the above.
There are basically only two things that can be done with income. It can be saved or spent, or some combination of the two. From this we realize that:
  • the MPS is greater than 1 for very low levels of income
  • the MPS represents that portion of incremental income which is consumed
  • the MPS plus the MPC must equal 1
  • the MPC minus the MPS must equal 1
If aggregate demand is equal to output in the economy, then:
  • Planned injections are equal to planned leakages
  • There are no unplanned accumulations of inventories
  • Consumption, investment, and government expenditures sum to the dollar value of

    output
  • All of the above
Partial equilibrium relates to
  • microeconomics
  • macroeconomics
  • both a and b
  • None of the above
Which of the following is an example of macroeconomics?
  • Consumption of a household
  • Price level of a firm
  • Savings of an individual
  • Aggregate demand of an economy
Study of macroeconomics is concerned with
  • theory of demand
  • general price level
  • determination of aggregate output
  • both b and c
The most popular definition of economics was given by________; in his book entitled, "an essay on the Nature and Significance of Economic science" published in 1932."
  • Adam Smith
  • Lionel Robbins
  • Alfred Marshall
  • J.M. Keynes
Which of the following is not a macroeconomics variable?
  • Aggregate supply
  • Output of the firm
  • Aggregate demand
  • Wholesale price index
Which of the following is a macroeconomic concept? 
  • The reasons why Viaan buys less orange juice.
  • The reasons why employment decreased at a factory.
  • The reasons for a decline in price of a good.
  • None of the above.
There is _____ degree of aggregation in macroeconomics.
  • Consistent
  • Lower
  • Higher
  • No
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