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#1 When MU is _______________, TU decreases.
#2 An increase in supply means selling a _____________ amount at the same price.
#3 The credit for the development of macroeconomic approach must go to
#4 The law of demand is applicable to __________________ goods.
#5 The study of microeconomics is ____________ in nature.
#6 The General Theory of Employment, Interest and Money was written by ________
#7 The reward of an entrepreneur is called ____________
#8 The term microeconomics and macroeconomics were first used by ____________
#9 Under perfect competition, commodities are ___________ in nature.
#10 National income is the subject matter of ____________ economics.
#11 Central Bank has the _________________ of note issue.
#12 Medium of exchange is ____________ function of money.
#13 Land is subject to ___________ returns.
#14 The demand for ___________ is highly inelastic.
#15 The demand for consumer goods is _____________ demand
#16 Marginal utility diminishes, as consumption of a commodity _________________
#17 In perfect competition, the firm _________ price.
#18 _______________ determines the potential supply.
#19 Investment made by government is ____________ investment
#20 The term budget is derived from _____________ word bougette.