Determination of Income and Employment - Class XII Economics Quiz
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1. What is the primary focus of the Keynesian theory of income determination?
Long-term growth · Aggregate demand · Supply-side factors · Monetary policy
2. Which of the following is NOT a component of aggregate demand?
Consumption · Investment · Government expenditure · Taxation
3. In the context of the circular flow of income, what does 'leakage' refer to?
Investment · Savings · Government spending · Exports
4. What does the term 'full employment' imply in macroeconomic theory?
Zero unemployment · Natural rate of unemployment · High employment rate · Underemployment
5. Which of the following factors can lead to an increase in aggregate supply?
Decrease in wages · Increase in taxes · Decrease in productivity · Increase in interest rates
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