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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 ?

Economics Mcqs, Roots of Modern Macroeconomics /
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 ?

A. monetarists.
B. keynesians
C. post-keynesians
D. new classical school

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 ? Read More »

Economics Mcqs, Roots of Modern Macroeconomics

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 ?

Economics Mcqs, Roots of Modern Macroeconomics /
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 ?

A. Keynesians
B. post-keynesians
C. monetarists
D. new classical school

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 ? Read More »

Economics Mcqs, Roots of Modern Macroeconomics

New classical theories were an attempt to explain ?

Economics Mcqs, Roots of Modern Macroeconomics /
New classical theories were an attempt to explain ?

A. how unemployment could have persisted for so long during the Great Depression
B. The increase in the growth rate of real output in the 1950s
C. the stagflation of the 1970s
D. Why policy changes that are perceived as permanent have more of an impact on a person’s behaviour than policy changes that are viewed as temporary.

New classical theories were an attempt to explain ? Read More »

Economics Mcqs, Roots of Modern Macroeconomics

If the demand for money depends on the interest rate the velocity of circulation is ?

Economics Mcqs, Roots of Modern Macroeconomics /
If the demand for money depends on the interest rate the velocity of circulation is ?

A. not constant and the quantity theory of money does hold.
B. constant and the quantity theory of money does hold.
C. not constant and the quantity theory of money does not hold.
D. constant and the quantity theory of money does not hold.

If the demand for money depends on the interest rate the velocity of circulation is ? Read More »

Economics Mcqs, Roots of Modern Macroeconomics

The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?

Economics Mcqs, Roots of Modern Macroeconomics /
The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?

A. the fallacy of composition
B. negative entropy.
C. hysteresis.
D. ceteris paribus

The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ? Read More »

Economics Mcqs, Roots of Modern Macroeconomics

The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates ?

Economics Mcqs, Roots of Modern Macroeconomics /
The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates ?

A. consistently overestimate the actual rate of inflation in the future.
B. are always correct
C. consistently underestimate the actual rate of inflation in the future
D. are correct on average, but are subject to errors that are distributed randomly

The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates ? Read More »

Economics Mcqs, Roots of Modern Macroeconomics