Which two schedules intersect to determine the equilibrium inflation rate?
Correct answer B. AD, AS
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Economics MCQs
Page 129 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 129 of 131
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
On which river was the Guddu Barrage built?
Correct answer A. River Indus
The Keynesian model is a good guide to behaviour over which period, while the classical model describes behaviour over which?
Correct answer B. Short term, long run
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Where does the Upper Swat Canal start?
Correct answer A. Malakand
If a rise in world oil prices led the central bank to accept lower real interest rates, what would most likely happen to inflation?
Correct answer D. Increase
What is the total length of the seven canals built under the Indus Waters Treaty?
Correct answer A. 621 KM
By building up large amounts of what can governments add to inflationary pressure?
Correct answer A. Budget deficits
Which crop is best suited to black volcanic soil and a tropical climate without excessive rainfall?
Correct answer A. Cotton
What shape is the long-run Phillips curve, and at what level does it sit?
Correct answer C. Vertical, equilibrium rate of unemployment
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Who mediated the Indus Waters Treaty?
Correct answer A. World Bank
What are the costs of inflation?
Correct answer E. All of the above
The Trimmu-Sidhnai link canal connects the Chenab with which river?
Correct answer B. Ravi
A supporter of the classical model would say unemployment arises when which price is above its equilibrium level in which market?
Correct answer B. Wage rate, labour market
In which province is the Nara Canal located?
Correct answer A. Sindh
At any real wage, how would we normally expect the labour force to compare with the number of workers willing to accept job offers?
Correct answer B. Larger
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In which year did the Malakand Dargai project begin operating?
Correct answer D. 1938
If someone is willing to work at the going wage but cannot find a job, what type of unemployment are they suffering?
Correct answer D. Involuntary unemployment
The income tax rate rises from 30% to 40% on income above Rs30,000. If a person earns Rs31,000, what is her marginal tax rate?
Correct answer D. 40%
On which river was the Rasul Headworks built?
Correct answer C. Jhelum
The classical view of the labour market fits best with which shape of aggregate supply curve?
Correct answer C. A vertical (or almost vertical)