8. Two person zero sum game is 8010ದ ;
(ಸ) Cooperative (B) Discrete
(ര Continuous (1) Non-Coopérative .
9, An input-output system of mxm dimension containing one or more self sufficient groups of
less than m industries is :
(५) Open (8) Non-decomposable
(C) Decompogable (1) Closed
10. Which of the following is not an axiom of Arrew’s Impossibility theorem relating to social
preferences?
(A) Dictator ship
(B) Responsiveness to individual preference
(0 Non-dictator ship
) Independence of irrelevant alternatives
11. Who is the author of “Rational Expectations and Econometric Practice™?
(^) Milton Friedman (2) Robert Lucas
(¢) Robert Barro (D) J.M. Keynes
12. The name of the economist with whom relative income hypothesis is associated :
(7 James Tabin (B) Edward Shapiro
(ಲ) James Dusenberry (D) Franco Modigliani
18. Whose name is associated with Real Balance Effect?
‏نف‎ A.C. Pigou (B) Alfred Marshall
(C) Irving Fisher (D) Don Patinkin
14. Everyone percentage point increase in unemployment results in a 2.5% reduction in real
GDP below the natural output. This relationship between unemployment and output is
known as :
‏نی‎ Say'slaw
(B) Okun's law
(0) The natural rate of unemployment hypothesis
(D) Phillips curve.
15. Animportant determinant of autonomous investment is :
^) MPC (8) Income
(6 Aggregate demand (D) MEC
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