JAM Economics (EN) - Previous Year Papers Previous Year Questions

When the expected future marginal product of capital increases, then the IS curve

When the supply curve \(S_x\) is backward bending and the demand curve \(D_x\) is downward sloping as shown in the figure, there are two equilibria \(M\) and \(N\), respectively. Which of the following statements is CORRECT?

A competitive firm can sell any output at price \(P = 1\). Production depends on capital alone, and the production function \(y = f(K)\) is twice continuously differentiable, with \[f(0) = 0, \quad f' > 0, \quad f'' < 0, \quad \lim_{K \to 0} f'(K) = \infty, \quad \lim_{K \to \infty} f'(K) = 0.\] The firm has positive capital stock \(\overline{K}\) to start with, and can buy and sell capital at price \(r\) per unit of capital. If the firm is maximizing profit then which of the following statements is NOT CORRECT?

Which one of the following is a non-parametric test?

For a positively skewed frequency distribution, ______.

An unanticipated inflation would cause