Economics - Roots of Modern Macroeconomics
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This is the MCQs of Economics.
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Question 1 of 20
1. Question
Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are:
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Question 2 of 20
2. Question
The economists who emphasised wage flexibility as a solution for unemployment were:
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Question 3 of 20
3. Question
According to the classical economists the economy:
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Question 4 of 20
4. Question
According to classical models, the level of employment is determined primarily by:
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Question 5 of 20
5. Question
Keynesian economics became popular because it was able to explain:
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Question 6 of 20
6. Question
According of Keynes, the level of employment is determined by:
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Question 7 of 20
7. Question
The government increase government spending to try to reduce unemployment This is an example of:
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Question 8 of 20
8. Question
The nation that the government can establish the macroeconomic is known as:
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Question 9 of 20
9. Question
Rapid increase in the price level during periods of recession of high unemployment are known as:
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Question 10 of 20
10. Question
The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the:
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Question 11 of 20
11. Question
The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates.
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Question 12 of 20
12. Question
People are said to have rational expectations if they:
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Question 13 of 20
13. Question
The persistence of a phenomenon such as unemployment, even then its causes have been removed is called:
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Question 14 of 20
14. Question
The quantity theory of money implies that a given percentage change in the money supply will cause:
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Question 15 of 20
15. Question
If the demand for money depends on the interest rate the velocity of circulation is:
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Question 16 of 20
16. Question
It is difficult to determine if the velocity of money is constant over time because:
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Question 17 of 20
17. Question
New classical theories were an attempt to explain:
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Question 18 of 20
18. Question
The question regarding the new classical macroeconomics is hoe realistic is the assumption:
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Question 19 of 20
19. Question
A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the:
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Question 20 of 20
20. Question
A group of modern economists who believe that institutional factors and confidence strongly influence business behaviour and that expanding demand will usually increase output rather than prices are the:
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