EDUCATION CIRCLE

Unit-1   : Micro Economics Unit-2 :  Macro Economics  Unit- 3  : Statistics and Econometrics Unit-4  : Mathematical Economics Unit-5  : International Economics Unit-6  : Public Economics Unit-7 :  Money and Banking Unit-8  : Growth and Development Economics Unit-9  : Environmental Economics and Demography Unit-10  : Indian Economy  Suggested Books: Book name Writer/Publisher 1. UGC NET Economics Sunder Gopal Mishra 2. UGC-NET: Economics (Paper II) Exam Guide     Sanjay Kumar 3. Micro Economics Anna Koutsoyiannis 4. Macro Economics Analysis Edward Shapiro 4. Indian Economy Mishra & Puri (Latest) 6. International Trade Bo Sodersten 7. Public Finance S.K. Singh 8. Statistics and Econometrics  B. L. Agarwal

1.In an open economy, aggregate demand is the sum of A) consumer expenditure, actual investment spending, and government spending. B) consumer expenditure, planned investment spending, and government spending. C) consumer expenditure, actual investment spending, government spending, and net exports. D) consumer expenditure, planned investmejnt spending, government spending, and net exports.✔ 2.If net exports increase by 100 and the mpc is 0.75, equilibrium aggregate output increases by A) 100. B) 250. C) 400.✔ D) 750. 3.If net exports increase by 250 and the mpc is 0.75, equilibrium aggregate output increases by A) 250. B) 500. C) 750. D) 1000.✔ 4.If net exports decrease by 250 and the mpc is 0.75, equilibrium aggregate output A) increases by 1000. B) increases by 750. C) decreases by 750. D) decreases by 1000.✔ 5.Aggregate output is ________ related to autonomous consumer expenditure, and is ________ related to planned investment spending. A) negatively; negatively B) negatively; posi...

1.If the consumption function is C = 20 + 0.5y then an increase in disposable income by 100 will result in an increase in consumer expenditure by A) 50 B) 70. C) 50.✔ D) 100. 2.If the consumption function is C = 20 + 0.8y then an increase in disposable income by 100 will result in an increase in consumer expenditure by A) 58. B) 64. C) 80.✔ D) 100. 3.Keynes was especially interested in explaining movements of ________ because he wanted to explain why the Great Depression had occurred and how government policy could be used to increase ________ in a similar economic situation. A) aggregate output; wages B) aggregate output; employment✔ C) wage rates; wages D) wage rates; employment 4.Keynes was especially concerned with explaining the A) recession of 1920-21. B) low levels of output and employment during the Great Depression✔. C) strong economic growth of the 1920s. D) high unemployment in Great Britain during the 1920s. 5.Keynes was especially concerned with explaining the ________ lev...