Multiplier and Accelerator MCQs | Economics
Multiplier effect – The number by which a change in investment must be multiplied to result in the final change of total output.
Multiplier effect – The number by which a change in investment must be multiplied to result in the final change of total output.
Total spending made by the household sector at a given level of income is called consumption. Whereas, the functional relationship between savings
Macroeconomics is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services.
Economic analysis examines cost behaviour over different timescales. These include: Short run, Long run, Very long run.
Ordinal measures of utility – With ordinal measures, an individual is observed preferring one choice to another. An ordinal measure of utility ranks
Price elasticity of demand is defined as a measure of the extent of changes in the market demand for a good in response to a change in price.
Microeconomics is the branch of economics that studies the decisions of individual house-holds and firms.
Islamic economic system – This differs from traditional economic theory in that its religious principles are deeply intertwined. It views the principles