A persistent rise in the general level of prices implies
An increase in some prices
A one-time rise in prices
A steady fall in the purchasing power of money
That the higher the price level, the more the value of money
Correct answer is C
No explanation has been provided for this answer.
An increase in money supply, other things being equal, will
Lower interest rates
Reduce income
Ensure trade balance
Increase money demand
Correct answer is D
No explanation has been provided for this answer.
Exclusions that makes Gross National Product a poor measure of welfare are
Goverment purchases
Government millitary outlays
Wages and salaries
Housewives services
Correct answer is D
No explanation has been provided for this answer.
Which of the following is used for measuring national income?
Output, income and wages
Import, expenditure and output
Income, output and expenditure
Export, Import and output
Correct answer is C
No explanation has been provided for this answer.
The major function of the wholesaler to his customers is
Breaking of bulk
Offering personal services
Stocking a variety of goods
Providing transport facilities
Correct answer is A
No explanation has been provided for this answer.