A. Fifth
B. Sixth
C. Fourth
D. Eight
Economics Mcqs
At the intersection of AD and AS equilibrium is achieved in ?
A. the goods market
B. the money markets
C. the labor markets
D. all of these
Expansionary fiscal policy in the classical model will cause aggregate demand to ……. potential output?
A. exceeds
B. fall below
C. fluctuate around
D. remain equal to
The quantity theory of money says that changes in ….lead to equivalent changes in …. but have no effect on ……?
A. prices, wages, output and employment
B. output prices, employment
C. nominal money, the price level, output and employment
D. nominal money output prices
During Periods of rising inflation and rising interest rates we expect the demand for real cash to ?
A. rise
B. fall
C. not changes
D. fluctuates
The Phillips curve shows the trade-off between ….. and …..?
A. the inflation rate, interest rates
B. the inflation rate, the unemployment rate
C. interest rates, output
D. output, employment
The Short run Phillips curve can shift in response to changes in ?
A. Inflationary expectations
B. unemployment
C. the inflation rates
D. wage rates
A person who is made redundant because of the contraction of an industry is a victim of ?
A. frictional unemployment
B. demand-deficient unemployment
C. classical unemployment
D. structural unemployment
The equilibrium rate of unemployment at any real wage, is the difference between …… and ……?
A. those willing to work at the going wage labour demand
B. labour demand those willing to work at the going wage
C. labor demand, labor supply
D. those willing to work at the going wage labor supply
Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?
A. Keynesian policies
B. Supply-side policies
C. Monetarist Policies
D. Classical policies