ECO122 TMA

Keynesian concept of full employment involves the following conditions except…
 
Macroeconomics is concerned primarily with…..
 
John Maynard Keynes developed a general theory of income, output and _____ in the wake of the Great Depression of 1929….
 
_________is measured by the increase in the amount of goods and services in each successive time period…
 
One of the goals of macroeconomics policy is to stabilize the _______
 
Rising and falling prices are both bad because they bring unnecessary ____ to some and undue advantage to others…
 
Rapid growth leads to urbanization and industrialization with their adverse effects on the pattern of living and __________
 
_____ studies the behavior of the whole(aggregate) economy or economic systems rather than individual economic markets…
 
Keynes gave an alternative definition of full employment at another place in his ______ publication…
 
To achieve full employment, Keynes advocated increase in effective demand to bring about reduction in _________
 
Economic growth is defined as the process whereby the _______ of a country increases over a long period of time….
 
Generally, economists belief in the possibility of continual ______
 
_________is measured by the increase in the amount of goods and services in each successive time period….
 
In an open economy which imports raw materials and other intermediate products at high prices, the cost of production of domestic goods will always ________
 
If the money supply is below the existing demand for money at the given exchange rate, there will be a surplus in the __________
 
Economic growth is defined as the process whereby the _______ of a country increases…
 
Price stability can be maintained by following a ______ monetary policy…
 
In the 18th century, the ______ adopted it in their table Economique to show the â??circulation of wealthâ??….
 
Macroeconomics is concerned primarily with the forecasting of _________, through the analysis of major economic factors that show predictable patterns and trends, and of their influence on one another…
 
Macroeconomics examines economy-wide phenomena such as changes in unemployment, national income, rate of growth of gross domestic product, inflation and ________
 
The term â??macroâ? was first used in economics by Ragner Frisch in….
 
One of the goals of macroeconomics policy is to stabilize the _______
In 1892 Nigeria’s first bank, the ___, was established
 
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