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Economics Mcqs

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

As prices rise. People will want to keep more money as cash and in bank accounts This is called ?

A. real balance effect.
B. cash ratio.
C. money illusion.
D. menu costs of inflation.

As prices rise. People will want to keep more money as cash and in bank accounts This is called ? Read More »

Economics Mcqs, Macroeconomic Issues and Analysis

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

A. Regional
B. structural
C. seasonal
D. demand-deficient

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment? Read More »

Economics Mcqs, Macroeconomic Issues and Analysis

Cyclical unemployment is the ?

Cyclical unemployment is the ?

A. Portion of unemployment that is due to the normal working of the labour market
B. Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries.
C. Unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work.
D. Unemployment that occurs during recessions and depressions.

Cyclical unemployment is the ? Read More »

Economics Mcqs, Macroeconomic Issues and Analysis