A. not change the unemployment rate
B. decrease the unemployment rate
C. increase the unemployment rate
D. have an indeterminate impact on the unemployment rate
Economics Mcqs
Aggregate demand is the total demand for all goods and services in an economy from ?
A. the household and government sectors
B. the household sector.
C. all sectors of except the rest of the world
D. all sectors of the economy including the rest of the world.
Unemployment resulting from real wages being above their equilibrium level is called ……… unemployment?
A. natural
B. frictional
C. disequilibrium
D. structural
Unemployment resulting from changes in the pattern of demand or supply in the economy is called ……. unemployment?
A. regional
B. technological
C. structural
D. demand-deficient
The natural rate of unemployment is generally thought of as the ?
A. ratio of the frictional unemployment rate to the cyclical unemployment rate.
B. Sum of structural unemployment and cyclical unemployment.
C. Sum of frictional unemployment and cyclical unemployment
D. sum of frictional unemployment and structural unemployment.
As prices rise, there will be costs of constantly changing price-tags and reprinting price-lists This is called ?
A. real balance effect
B. menu costs of inflation
C. money illusion.
D. cost-push inflation.
Government policies that focus on changing taxes and government spending are called ?
A. fiscal policies
B. incomes policies
C. supply-side policies
D. monetary policies
If interest rates rise then costs are likely to ……. and demand is likely to ………?
A. rise, fall
B. rise; rise
C. fall; fall
D. fall; rise
An economy that trades with and has financial dealing with other countries is called a/an …….. economy?
A. free-trade
B. autarkic
C. open
D. mixed
The record of country’s imports and exports of goods and services is called its ?
A. visible trade balance
B. balance of trade
C. balance of payments on current account
D. balance of payments.