A. depreciation
B. appreciation
C. fall
D. devaluation
Economics Mcqs
In the neoclassical theory of growth a higher saving rate leads to ?
A. a higher growth rates
B. a fluctuating growth rate
C. a fluctuating growth rates
D. no change in the growth rate
If one country, with floating exchange rates, has higher inflation than its competitors we would expect its exchange rate to ?
A. appreciate
B. depreciate
C. revalue
D. be in short supply
Economic growth may depend upon ….. and …..?
A. Population size, x-efficiency
B. Population age distribution, education
C. Population growth technical progress
D. Population growth education
In the ERM, each country fixed participant Collectively the group …….. against the rest of the world?
A. a nominal exchange rate, floated
B. a real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
The growth rates of economies tend to converge because …….. is easier when capital per worker is low and because of?
A. capital-widening technical innovation
B. capital-widening Catch-up in technology
C. capital-deepening technical innovation
D. capital-deepening, catch-up in technology
All of the following are benefits of the single market except ?
A. it allows countries to exploit their comparative advantage, more fully
B. firm could more readily exploit
C. economies of scal
D. it intensified competition
E. it is easier to book holidays in member countries
The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the ?
A. sun spot theory
B. multiplier accelerator model
C. Solow theory
D. New classical theory
Real business cycle theory suggests that …. not important in explaining short-term fluctuations around actual output ?
A. aggregate supply is
B. aggregate demand is
C. potential output is
D. real variables are
Real business cycles are cycles in ?
A. potential output
B. actual output
C. real output
D. international trade