HSC Commerce Class 12 - Tamil Nadu Board of Secondary Education Question Bank Solutions for Economics

Write short note on the implications of Say’s law.

Critically explain Say’s law of market.

The multiplier tells us how much _______changes after a shift in _____.

The multiplier is calculated as______.

It the MPC is 0.5, the multiplier is _________.

In an open economy import _________ the value of the multiplier.

The term super multiplier was first used by ______.

Define multiplier.

Mention the differences between accelerator and multiplier effect.

State the concept of the super multiplier.

Specify the limitations of the multiplier.

Illustrate the working of the multiplier.

Irving Fisher’s Quantity Theory of Money was popularized in ______.

Fisher’s Quantity Theory of money is based on the essential function of money as a ______.

V in MV = PT equation stands for ______.

State Cambridge equations of the value of money.

Illustrate Fisher’s Quantity theory of money.

NBFI does not have.

Give a brief note on NBFI.

Who developed Material Balance Models?