A. 10% or 1.93 mha
B. 20% or 3.93 mha
C. 29% or 5.93 mha
D. 35% or 7.93 mha
Economics Mcqs
In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?
A. the long-run aggregate demand curve is horizontal at the natural rate of inflation
B. the long run aggregate demand curve is vertical at potential GDP
C. the long run aggregate demand curve is vertical at potential GDP
D. The long run supply curve is horizontal at the natural rate of inflation
Potential GDP is the level of aggregate output ?
A. that can be produced if structural unemployment is zero
B. that can be produced at a zero-unemployment rate
C. that can be sustained in the long run without inflation
D. that can be sustained in the long run, if the inflation rate is zero
Nearly ……. of land is cultivated through tube-wells ponds and rain water?
A. 25%
B. 55%
C. 15%
D. 35%
The Phillips curve indicates that there is a ?
A. negative relationship between the inflation rate and labor demand
B. positive relationship between labor supply and the inflation rate
C. positive relationship between the inflation rate and the employment the
D. negative relationship between the inflation rate and the unemployment rate
Cash crops cover nearly ……. of the cropped areas?
A. 25%
B. 55%
C. 15%
D. 35%
If input price prices adjusted very rapidly to output prices as classical economists argue the Philips curve would be ?
A. Vertical or nearly vertical
B. upward sloping
C. downward sloping
D. horizontal or nearly horizontal
Which province of Pakistan is the largest rice producing province ?
A. Punjab
B. Sindh
C. K.P.K
D. Baluchistan
Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced ?
A. a high rate of inflation: along with a low rate of unemployment
B. simultaneously low rates of inflation and unemployment
C. simultaneously high rates of inflation and unemployment
D. a high rate of unemployment along with a low rate of inflation
Which province of Pakistan is the largest tobacco producing province ?
A. Punjab
B. Baluchistan
C. K.P.K
D. Sindh