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CUET Economics 2024

Economics
>
Introduction to Microeconomics

Easy

Choose the correct statements from the following :
(A) Adam Smith is termed as Father of Modern Economics. \newline (B) J.M. Keynes gave the Theory of Income, Output and Employment. \newline (C) Four Sector Model = C + I + G + (X – M) \newline (D) Store of value is primary function of money.

Choose the correct statements from the following:

Correct Option: 2
    \newline
  1. Adam Smith -> Father of Economics -> true statement.
    2. \newline
  2. J.M. Keynes -> gave macroeconomic theory -> true statement.
    3. \newline
  3. Four Sector Model -> includes exports -> and imports -> correct equation.
    4. \newline
  4. Store of value -> primary function -> of money -> incorrect statement.
So, correct answer is: Option 2 -> (A), (B) and (C) only.

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