Economics - Inflation & Productivity
Quiz-summary
0 of 24 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
Information
This is the MCQs of Economics
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 24 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- Answered
- Review
-
Question 1 of 24
1. Question
Inflation can be measured by all of the following except the:
Correct
Incorrect
-
Question 2 of 24
2. Question
In 1989, the CPI was 124.0 in 1990, it was 130.7 What was the rate of inflation over this period?
Correct
Incorrect
-
Question 3 of 24
3. Question
Which of the following would probably cause the CPI to rise more than the GDP deflator in the Pakistan?
Correct
Incorrect
-
Question 4 of 24
4. Question
The “basket” on which the CPI is based is composed of:
Correct
Incorrect
-
Question 5 of 24
5. Question
If there is an increase in the price of apples which causes consumers to purchase fewer kilograms of apples and more kilograms of oranges, the CPI will suffer from:
Correct
Incorrect
-
Question 6 of 24
6. Question
Refer to Figure 24-1 What is the value of the basket in the base year
Correct
Incorrect
-
Question 7 of 24
7. Question
Suppose your income rises from Rs19,000 to Rs31,000 while the CPI rises from 122 to 169 Your standard of living has likely
Correct
Incorrect
-
Question 8 of 24
8. Question
If the nominal interest rate is 7 percent and the inflation rate is 3 percent, then the real interest rate is
Correct
Incorrect
-
Question 9 of 24
9. Question
Which of the following statements is correct?
Correct
Incorrect
-
Question 10 of 24
10. Question
If inflation is 8 percent and the real interest rate is 3 percent then the nominal interest rate must be
Correct
Incorrect
-
Question 11 of 24
11. Question
Under which of the following conditions would you prefer to be the lender?
Correct
Incorrect
-
Question 12 of 24
12. Question
Under Which of the following conditions would you prefer to be the borrower
Correct
Incorrect
-
Question 13 of 24
13. Question
If borrowers and lenders agree on a nominal interest rate and inflation turns out to be less than they had expected
Correct
Incorrect
-
Question 14 of 24
14. Question
If workers and firms agree on an increase in wages based on their expectations of inflation and inflation turns out to be more than they expected,
Correct
Incorrect
-
Question 15 of 24
15. Question
Demand pull inflation may be caused by:
Correct
Incorrect
-
Question 16 of 24
16. Question
Inflation:
Correct
Incorrect
-
Question 17 of 24
17. Question
An increase in injections into the economy may lead to:
Correct
Incorrect
-
Question 18 of 24
18. Question
An increase in aggregate demand is more likely to lead to demand pull inflation if:
Correct
Incorrect
-
Question 19 of 24
19. Question
An increase in costs will:
Correct
Incorrect
-
Question 20 of 24
20. Question
The effect of inflation on the price competitiveness of a country’s products may be offset by:
Correct
Incorrect
-
Question 21 of 24
21. Question
Menu costs in relation to inflation refers to:
Correct
Incorrect
-
Question 22 of 24
22. Question
In the short run unemployment may fall below the natural rate of unemployment if:
Correct
Incorrect
-
Question 23 of 24
23. Question
According to the Phillips curve unemployment will return to the natural rate when:
Correct
Incorrect
-
Question 24 of 24
24. Question
The Phillips curve shows the relationship between inflation and what?
Correct
Incorrect