Identify the incorrect statement.
(A) Money is what money does
(B) There are many assets which carry functions of money
(C) In modern sense, money creates instability
(D) The first and foremost role of money is that it acts as medium of exchange
(E) Money acts only as convenient unit of account
Choose the correct answer from the options given below :
Verified 13 Jul 2026.
(A) and (B) only
(C) and (E) only
(C) and (D) only
(D) ands (E) only
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Deficient demand is said to exist in the economy when-
In an imaginary economy, the planned spending falls short of planned output at a certain level of employment. Arrange the following consequences of the same in sequential order. (A) Unintended accumulation of inventories. (B) The employment level falls. (C) The output and income fall and the equilibrium is restored. (D) Producers plan to produce less in the next period. Choose the correct answer from the options given below:
Which of the following statements is true about public goods? (A) Public goods are non rival in nature. (B) Public goods are non-excludable in nature. (C) Public goods may be produced by the government or the private sector. (D) Public goods and public production can be used interchangeably. Choose the correct answer from the options given below:
The saving function of a two sector economy is given as S=(-)100+0.2Y. The equilibrium level of income of this economy is 1000, then calculate the value of consumption at equilibrium?
What is required to be subtracted from personal income in order to obtain personal disposable income?
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