ECO341
Which among these is not a withdrawal
Answer: export
Y = C + I is a model for a economy sector
Answer: 2
Which of these is an injection
Answer: export
The expected rate of return from investment on a capital asset after covering all its cost except the rate of interest is referred to as
Answer: marginal efficiency of investment
is characterised by an increase in general price level
Answer: inflation
Money that is not a commodity and is not redeemable in any commodity is referred to as money
Answer: fiat
is a means for promoting specialization and exchange on which modem economic activity is based
Answer: money
All incomes accruable to an individual is referred to as
Answer: personal income
Supply creates its own demand is a law prounded by
Answer: jean baptiste say
According to the classical theory of interest, supply of capital depends upon
Answer: savings
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