Economics Mcqs Archives - Page 116 of 327 -

A fall in demand for labour is likely to lead to ?

September 11, 2021June 1, 2019 by admin

A fall in demand for labour is likely to lead to ?

A. A lower equilibrium wage and lower quantity of labour
B. A lower equilibrium wage and higher quantity of labour
C. A higher equilibrium wage and higher quantity of labour
D. A higher equilibrium wage and lower quantity of labour

An increase in the wage rate ?

September 11, 2021June 1, 2019 by admin

An increase in the wage rate ?

A. Will usually lead to more people employed
B. Will decrease total earning if the demand for labour is wage elastic
C. is illegal in a free market
D. will cause a shift in the demand for labour

Real business cycle theories suggest that _____ to correct departures from the desired growth path?

September 11, 2021June 1, 2019 by admin

Real business cycle theories suggest that _____ to correct departures from the desired growth path?

A. There is a role for fiscal policy
B. There is a role for monetary policy
C. There is a role for supply-side policy
D. There is a role for stabilizing output ever the business cycle

The impossibility of negative gross investment provides a to fluctuation in ?

September 11, 2021June 1, 2019 by admin

The impossibility of negative gross investment provides a ______ to fluctuation in ______?

A. ceiling, stock building
B. ceiling, capital prices
C. floor, output
D. floor, the capital-output ratio

The multiplier accelerator model assumes depends on __?

September 11, 2021June 1, 2019 by admin

The multiplier accelerator model assumes ____ depends on ______?

A. consumption expected future profits
B. investment, interest rates
C. investment expected future profits
D. stock building interest rates

All of the following are parts of the business cycle except ?

September 11, 2021June 1, 2019 by admin

All of the following are parts of the business cycle except ?

A. boom
B. slump
C. recovery
D. acceleration

The business cycle describes fluctuations in output around the?

September 11, 2021June 1, 2019 by admin

The business cycle describes fluctuations in output around the?

A. trend path of output
B. boom
C. recession
D. short-run fluctuations in output

The neoclassical theory of growth identifier the steady state rate of growth as the just sufficient to keep _ constant while labor grows?

September 11, 2021June 1, 2019 by admin

The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?

A. saving, investment
B. capital per person, productivity
C. labor growth, output
D. investment capital per person

GDP per head may be an imperfect measure of economic welfare because it excludes ?

September 11, 2021June 1, 2019 by admin

GDP per head may be an imperfect measure of economic welfare because it excludes ?

A. the value of leisure
B. Externalities
C. Untraded goods
D. Change in the distribution of income
E. All of the above

Governments can stimulate productivity by ?

September 11, 2021June 1, 2019 by admin

Governments can stimulate productivity by ?

A. Imposing higher taxes on capital
B. encouraging more labour intensive work to reduce unemployment
C. reducing spending in education
D. encouraging private investment