11th Principles of Economics MCQS Chapter 11

Under consumption or over saving theory is presented by

Prof Keynes

Prof Jevons

Prof Hobson, Foster and Catchings

Prof Hawtrey

In which phase of a trade cycle national product, wages, prices and profits reach at their peak

Recession

Boom

Recovery

Depression

In which phase of a trade cycle level of employment and income become very low

Boom

Recovery

Depression

Recession

During the phase of recovery prices, wages, interest rate and profits

are highest

Start falling gradually

are lowest

Start rising gradually

According to Prof. Kitchen a trade cycle completes in

Three years or Fifty years

Sixty years or Seventy years

Fifty years or Sixty years

Two years six months

Theory of sun-spot was presented by

Prof Cassel

Prof Jevons and Henry L, Moor

Prof Pigou and begehot

Prof Hobson

According to Prof. Jugglar a trade cycle comletes in

Nine to ten years

Eleven to twelve years

Ten to eleven years

Five to six years

A trade cycle is fluctuation in employment, production and prices This definition of Trade cycle is stated by

Prof Haberler

Prof Keynes

Prof Hanson

Prof Mitchall

Innovation theory is presented by

Prof Foster

Prof Kegnes

Prof Schumpeter

Prof Hicks

Which phase starts with the increase in expected rate of profit

Boom

Recovery

Depression

Recession