Economics class 12 Short Run Equilibrium Output

1. Since AS = C +S and C + I, the equilibrium will be established where C + S = C + I , or where ;

2. Equilibrium level of income / output and employment is viewed from which of the following approaches ?

3. Keynes theory of GDP determination is based on the assumption of ;

4. On account of an injection of aggregate demand, equilibrium level of income ;

5. If aggregate demand increase, aggregate supply will increase only when there is ;

6. Increase in the level of employment leads to proportionate increase in output, because ;

7. Keynes discuss equilibrium level of output, using the concept of ;

8. The slop of S-line is indicated by ;

9. If MPC = 0.9, then value of multiplier will be ;

10. Multiplier is estimated as ;

11. When C = 100 + 0.5Y and Y = 1,200,  autonomous consumption will be ;

12. When C = 300 + 0.8Y and Y = 500, saving at zero income level will be ;

13. If MPS = 1/4, the value of multiplier will be ;

14. If MPC = 0, the multiplier will be ;

15. If MPC increases, value of multiplier will ;

16. If marginal propensity to save decrease, the value of the multiplier will ;

17. If MPC = MPS, the value of multiplier will be ;

18. If investment increase from 400 to 500 and  income increase from 900 to 1,650, the MPS should be equal to ;