Question : The concept of investment multiplier is given by

Option 1: Keynes

Option 2: Adam smith

Option 3: Classical economist

Option 4: Hicks.

Question

Question : "An Enquiry into the Nature and Cause of the Wealth of Nations" is an influential work by economist ______.
Option 1: Alfred Marshall
Option 2: John Maynard Keynes
Option 3: Millicent Fawcett
Option 4: Adam Smith

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Answer 1

Correct Answer: Keynes

Solution : The concept of investment multiplier is given by Prof. J M Keynes. He believe that an initial increment in investment leads to find an increase in the income by many times.
Hence, Option A is correct.

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Question : The concept of investment multiplier is given by Option 1: Keynes Option 2: Adam smith Option 3: Classical economist Option 4: Hicks.

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Question : The concept of investment multiplier is given by

Option 1: Keynes

Option 2: Adam smith

Option 3: Classical economist

Option 4: Hicks.

Question : "An Enquiry into the Nature and Cause of the Wealth of Nations" is an influential work by economist ______.
Option 1: Alfred Marshall
Option 2: John Maynard Keynes
Option 3: Millicent Fawcett
Option 4: Adam Smith

Question : The concept of elasticity was first introduced by:
Option 1: Adam Smith.
Option 2: Karl Marx.
Option 3: Alfred Marshall.
Option 4: John Maynard Keynes.

Question : The concept of price elasticity of demand was introduced by:
Option 1: Alfred Marshall
Option 2: John Maynard Keynes
Option 3: Adam Smith
Option 4: William Stanley Jevons

Question : The concept of "human capital" was first introduced by:

Option 1: Adam Smith
Option 2: John Maynard Keynes
Option 3: Amartya Sen
Option 4: Gary Becker

Question : The Liquidity Preference Theory of Interest was propounded by :
Option 1: J. M. Keynes
Option 2: David Ricardo
Option 3: Alfred Marshall
Option 4: Adam Smith