2 ற 90351

6. P= M/KT equation was developed by

(೩) Pigou. (b) Keynes.

(c) Robertson. (6) Patinkin.
7. The volume of K in Cambridge equation depends on

(a) Rate of interest. (b) Supply of money.

(c) Velocity of circulation. (d) Real national income.
8. IfMPC is zero multiplier is

(a) 5. (b) 1.

(6) 2. (d) 10.

9. In the equation, K = 1/1-m ; m means

(a) APC. (b) APS.

(c) MPS. (d) MPC.
10. Built in stabilisers relates to

(a) National income. (b) Revenue yield.

(c) Budgetary policy. 1 (d) Public expenditure.
11. The size of MPC is

(a) 1. ಯ) ೨3;

(6) 201. (d) <1.

12. Relative income hypothesis was developed by
(೩) Modigilini. (b) Kuznets. ‘
(c) Duesenberry. (d) Keynes.
(12 x 1 = 12 marks)
Section B (Very Short Answer Type Questions)

Answer at least six questions.

Each question carries 3 marks.

All questions can be attended.
Overall ceiling 18.

13. Autonomous investment and induced investment.

14. Wage price flexibility.