A. An outward shift of aggregate demand- and demand-pull inflation
B. An outward shift of aggregate demand and cost push inflation
C. An outward shift of aggregate supply and demand-pull inflation
D. An outward shift of aggregate supply and cost push inflation
Economics Mcqs
The most important source of wage differentials are ?
A. regional variation
B. unionization
C. relative danger
D. skills
An increase in costs will ?
A. Shift aggregate demand
B. Shift aggregate supply
C. Reduce the natural rate of unemployment
D. Increase the productivity of employees
Menu costs in relation to inflation refers to ?
A. Costs of finding better rates of return
B. Costs of altering price lists
C. Costs of money increasing its value
D. Costs of revaluing the currency
In the West Women and non-whites on average receive lower incomes than white men because ?
A. they tend to work in relatively unskilled jobs
B. educational disadvantage
C. firms are reluctant to invest in training
D. all of the above
Efficiency wages are …. that raise …..?
A. low wages, employment
B. high wages, labor supply
C. high wages, productivity
D. high wages, employment
According to the Phillips curve unemployment will return to the natural rate when ?
A. Nominal wages are equal to expected wages
B. Real wages are back at equilibrium level
C. Nominal wages are growing faster than inflation
D. Inflation is higher than the growth of nominal wages
the cost of using capital services is the ?
A. wage rate of capital
B. interest charges
C. marginal capital cost
D. rental rate for capital
The marginal revenue product of capital is the ?
A. change in a company’s balance sheet when it acquires new plant
B. additional value of output from using more capital
C. change in company’s share price
D. changing value of the capital stock
In the short run, the supply of capital is …….. and in the long run will depend on …….?
A. variable, technology
B. fixed, expectations
C. fixed, rental rate of capital
D. variable, interest rates