A. saving, investment
B. capital per person, productivity
C. labor growth, output
D. investment capital per person
Economics Mcqs
The business cycle describes fluctuations in output around the?
A. trend path of output
B. boom
C. recession
D. short-run fluctuations in output
All of the following are parts of the business cycle except ?
A. boom
B. slump
C. recovery
D. acceleration
The multiplier accelerator model assumes …. depends on ……?
A. consumption expected future profits
B. investment, interest rates
C. investment expected future profits
D. stock building interest rates
The impossibility of negative gross investment provides a …… to fluctuation in ……?
A. ceiling, stock building
B. ceiling, capital prices
C. floor, output
D. floor, the capital-output ratio
Real business cycle theories suggest that ….. to correct departures from the desired growth path?
A. There is a role for fiscal policy
B. There is a role for monetary policy
C. There is a role for supply-side policy
D. There is a role for stabilizing output ever the business cycle
Resources in an economy ?
A. Are always found
B. Can never decease
C. Always increase over time
D. Are limited at any moment in time
The sacrifice involved when you choose a particular course of action is called the ?
A. Alternative
B. Opportunity cost
C. Consumer cost
D. Producer cost
The sacrifice involved when you choose a particular course of action is called the?
A. Alternative
B. Opportunity cost
C. Consumer cost
D. Producer cost
Human wants are……………?
A. Always fixed
B. Limited
C. Unlimited
D. Likely to decrease over time