A. H
B. c
C. d
D. F
A. in the long run the unemployment rate returns to the natural rate, regardless of inflation
B. Unemployment is always below the natural rate
C. Unemployment is always above the natural rate
D. Unemployment is always equal to the natural rate
The natural rate hypothesis argues that ? Read More »
Economics Mcqs, The Phillips Curve A. Unemployment is equal to the natural rate of unemployment
B. People will reduce their expectations of inflation in the future
C. Unemployment is greater than the natural rate of unemployment
D. Unemployment is less than the natural rate of unemployment
When actual inflation exceeds expected inflation ? Read More »
Economics Mcqs, The Phillips Curve A. shifts the short run Phillips curve downward and the unemployment inflation trade-off is less favorable.
B. shifts the short-run Phillips curve upward and the unemployment inflation trade-off is more favorable
C. Shift the short-run Phillips curve downward and the unemployment inflation trade-off is more favorable
D. Shifts the Short run Phillips curve upward and the unemployment inflation trade-off is less favorable
An increase in expected inflation ? Read More »
Economics Mcqs, The Phillips Curve A. is vertical
B. is negatively sloped
C. has a slope that is determined by how fast people adjust their price expectations
D. is positively sloped
A. decreases unemployment
B. decrease growth
C. increases unemployment
D. decreases inflation
A. The sum of the growth rate of output and the inflation rate
B. The sum of the natural rate of unemployment and the actual rate of unemployment
C. The sum of the inflation rate and the central bank’s refinancing rate
D. The sum of the unemployment rate and the inflation rate
A. capitalism exploits the worker and socialism exploits the property owner
B. capitalism relies on the market to make economic decisions and socialism uses central planning
C. capitalism grows through rent seeking and socialism grows through government direction
D. capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction
The essential difference between capitalism and socialism is that ? Read More »
Economics Mcqs, Theories of Economic Development A. monopolistic business from abroad
B. reactionary ruling coalitions
C. weak domestic middle class
D. All of the above
What is Baran’s explanation for underdevelopment in Asia, Africa, and Latin America ? Read More »
Economics Mcqs, Theories of Economic Development A. Organization for Economic Cooperation and Development and Development
B. Oil Exporting Countries Development
C. Organization for Environmental cooperative Department
D. Open Economies Caucus on Development
