23.

24.

25.

26.

Which of the following is/are True in the case of demand for money?

त)
Gi)
(iii)
(೪)
(೪)

The demand for money is interest inelastic

The demand for money is Income elastic.

The demand for money is interest elastic.

The demand for money varies indirectly with income and directly with interest rate.
The demand for money varies directly with income and indirectly with interest rate.
(^) Only Qi), Gii) and (iv) (B) Only (ii), (iv) and (छ)

(0) Only Qi), Gi), (iv) and (v) (D) Only (ii), (ii) and (v)

In the intertemporal choice of consumption that originated in the work of Irvin Fisher, the
households’ wealth is:

(ಹ) Nothing but the current or absolute income that they receive
(2) The present value of future income from physical and financial sources
(C) The present value of future income from Human resources

(D) The present value of future income from both human and non-human resources

Transitory Positive income arises when :

(A) Permanent Income exceeds Measured Income
(B) Measured Income exceeds Permanent Income
(C) Income from Human resources exceeds Income from Non-human resources

(D) Income from Non-Human resources exceeds income from Human Resources

The size of fiscal policy multiplier will be larger if :

त)

Gi)
(iii)
(೪)

Less interest elastic is the demand for money
More interest elastic is the demand for money
Less Interest elastic is the demand for investment goods
More interest elastic is the demand for investment goods

(^) Only Gi) and (iii) (B) Only (j) and (iv)

(C) Only Gi) and (iv) (D) Only (ii) and (iv)

9 08 7/2023
[P.T.0.]