Economics Mcqs

A. IOU , inflation hedge store of value
B. Medium of exchange inflation hedge store of value
C. Medium of exchange unit of account IOU
D. Medium of exchange unit of account store of value
E. Medium of exchange unit of account store of value

A. money market for the given level of the money supply
B. money market for different combinations of interest rates and output
C. goods market for the given level of government spending
D. goods market for the given interest rate

A. money supply curve
B. LM curve
C. money demand curve
D. IS curve

A. goods market for the given interest rate
B. goods market for the given level of government spending
C. money market for the given level of the money supply
D. money market for the given value of aggregate output

A. incomes
B. overseas investment
C. imports
D. interest rates

A. fiscal drag
B. investment blight
C. crowding-out
D. the Thatcher effects

A. a hyperinflation
B. a depression
C. stagflation
D. a recession

A. both monetary and fiscal policy are ineffective
B. monetary policy is effective but fiscal policy is ineffective
C. monetary policy is ineffective but fiscal policy is effective
D. both monetary and fiscal policy are effective

A. a reduction in the taxes banks pay on their profits.
B. an increase in the required reserve ratio
C. an increase in the discount rate
D. the Central bank buying government securities in the open market

A. the money and labor markets
B. the goods and labor markets
C. the goods market
D. the money markets