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Subject - Economics:

Miscellaneous

MCQ - 232-4242

Question:

Multiplier process in economic theory is conventionally taken to mean:

  1. the manner in which prices increase
  2. the manner in which banks create credit
  3. income of an economy grows on account of an initial investment
  4. the manner in which banks create credit

Correct Answer: C

Explanation:

Sol. In economics, a multiplier is a factor of proportionality that measures how much an endogenous variable change in response to a change in some exogenous variable.

Record Performance

269 MCQ for effective preparation of the test of Miscellaneous of Economics section.

Read the MCQ statement: Multiplier process in economic theory is conventionally taken to mean: , keenly and apply the method you have learn through the video lessons for Miscellaneous to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 232-4242.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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