Macroeconomics, Theories and Policies 2 MCQs

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Macroeconomics, Theories and Policies 2 MCQs

Priyanka Tomar • 25.20K Points
Instructor II

Q 1. Why does a temporary decrease in government purchases decrease labour supply in the classical model?

(A) the fall in government spending decreases labour demand, decreasing the real wage, and so people decrease their labour supply.

(B) the decrease in current or future taxes needed to pay for the decrease in government purchases increases people\s wealth.

(D) decreased government purchases make people worse off, so they work less hours.

Shiva Ram • 20.56K Points
Instructor III

Q 2. According to the basic classical model, an increase in the money supply will cause

(A) employment to increase.

(B) the price level to increase.

(D) investment to increase.

Shiva Ram • 20.56K Points
Instructor III

Q 3. Demand-side unemployment is partly caused by:

(A) imperfections in the labour market

(B) occupational and geographic immobility of factors

(D) a lack of aggregate demand

Priyanka Tomar • 25.20K Points
Instructor II

Q 4. When there are vacancies in the job-market, but also high levels of unemployment, then we could say that this unemployment is?

(A) cyclical

(B) regional

(D) structural

Shiva Ram • 20.56K Points
Instructor III

Q 5. Suppose that the money stock is $10 billion, each dollar generates $ 5worth of spending, and the NAIRU is 7%. According to the quantity theory of what is nominal GDP (income)

(A) $ 350 million

(B) $ 70 million

(D) $ 50 million

Vinay • 18.10K Points
Tutor I

Q 6. The economist who proposed that,” inflation is always and every where monetary phenomenon”was

(A) j. m keynes

(B) john r hicks

(D) franco modigliani

Rakesh Kumar • 18.39K Points
Tutor I

Q 7. what is the foundation of monetarism?

(A) quantity theory of money

(B) demand theory

(D) none of these

Shiva Ram • 20.56K Points
Instructor III

Q 8. According to monetary approach a revaluation of a nation’s currency

(A) increase the nation’s demand for money

(B) increase the nation’s supply of money

(D) reduces the nation’s supply of money

Ranjeet • 24.26K Points
Instructor III

Q 9. According to monetarists, money supply constitutes

(A) currency+ demand deposits

(B) currency +demand deposits+time deposits

(D) currency + all kinds of banks + deposits with other institutions + borrowing

Shiva Ram • 20.56K Points
Instructor III

Q 10. Which of the following is true with respect to the monetary approach to the balance of payments?

(A) it views the balance of payments as an essentially monetary phenomenon

(B) a balance of payments deficit results from an excess demand of money in the nation

(D) balance of payments disequilibrium are not automatically corrected in the long run

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Macroeconomics, Theories and Policies 2 MCQs

Q 1. Why does a temporary decrease in government purchases decrease labour supply in the classical model?

Q 2. According to the basic classical model, an increase in the money supply will cause

Q 3. Demand-side unemployment is partly caused by:

Q 4. When there are vacancies in the job-market, but also high levels of unemployment, then we could say that this unemployment is?

Q 5. Suppose that the money stock is $10 billion, each dollar generates $ 5worth of spending, and the NAIRU is 7%. According to the quantity theory of what is nominal GDP (income)

Q 6. The economist who proposed that,” inflation is always and every where monetary phenomenon”was

Q 7. what is the foundation of monetarism?

Q 8. According to monetary approach a revaluation of a nation’s currency

Q 9. According to monetarists, money supply constitutes

Q 10. Which of the following is true with respect to the monetary approach to the balance of payments?

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