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[ECO712] The model which proposed that developing countries have failed to develop due to the fact that their development strategies have been based on an incorrect model of development is regarded as ____ model
False paradigm

[ECO712] The theory which posits that interest rate is determined by the demand and supply of loanable funds is referred to as ____
Neoclassical theory

[ECO712] A fund deposit with a bank which are withdrawable or transferable without prior notice by writing a cheque is referred to as ____
Demand deposit

[ECO712] The relative income hypothesis was propounded by _____
James Duesenberry

[ECO712] The slope of the consumption function is known as ____
The marginal propensity to consume

[ECO712] Credit ceiling is a ____
Direct monetary policy instrument

[ECO712] A ____ relationship exist between quantity demanded of a commodity and its price
Direct

[ECO712] Macroeconomics can be defined as the study of ____ variables in an economy
Aggregate

[ECO712] Which of these is not an objective of macroeconomic policy
Balance of payments equilibrium

[ECO712] The expected percentage of profit gotten from an investment on a capital asset is _____
Marginal Efficiency of Capital