It is market where economic agents freely exchange their own goods: Option 1: Market economy Option 2: Centrally planned economy Option 3: Aggregate demand based economy Option 4: Aggregate supply based economy

Answer: Market economy. Solution: Market economy is where -> agents freely exchange goods. Key terms: Market -> free exchange of goods Economic agents -> buyers and sellers Goods -> products or services Option 1: Market economy -> free exchange Option 2: Centrally planned -> government controlled Option 3: Aggregate demand -> total demand Option 4: Aggregate supply -> total supply

Macro

Income & Employment

Easy

It is market where economic agents freely exchange their own goods:

Market economy

Centrally planned economy

Aggregate demand based economy

Aggregate supply based economy

✅ Correct Option: 1

Market economy is where -> agents freely exchange goods.

Key terms:

Market -> free exchange of goods
Economic agents -> buyers and sellers
Goods -> products or services

Option 1: Market economy -> free exchange

Option 2: Centrally planned -> government controlled

Option 3: Aggregate demand -> total demand

Option 4: Aggregate supply -> total supply

2025: 26 May Shift 2

The increase in income in an economy is four times more than the increase in investment. What is the value of marginal propensity to consume in this economy?

2026: 23 May Shift 1

The value of APC+ APS will be:

2026: 21 May Shift 2

With the price level as fixed, the aggregate supply curve in macroeconomic equilibrium is:

2026: 23 May Shift 1

Ex- ante variables are the variables which are :

2025: 31 May Shift 1

Match List-I with List-II

List-I	List-II
(A) An increase in proportional taxes	(I) Decreases consumption by MPC times the change in taxes.
(B) An increase in lump-sum taxes	(II) Automatic Stabilizer.
(C) Proportional income tax	(III) Aggregate demand curve shift inwards.
(D) Lump sum taxes	(IV) Do not depend upon income.

Choose the correct answer from the options given below:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
(A) - (III), (B) - (I), (C) - (II), (D) - (IV)
(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

2023: 1 June Shift 1

Regarding Average Propensity to save :

(A) APS can be zero

(B) APS can be more than one

(D) APS can be one

(E) APS can be positive

Choose the correct answer from the options given below :

It is market where economic agents freely exchange their own goods:

Solution

Related questions:

Keyboard Shortcuts

CUET Economics Past Year Questions (Topic-Wise)