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Economics Mcqs

According to the classical economists, those who are not working ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
According to the classical economists, those who are not working ?

A. have chosen not to work at the market wage
B. have given up looking for a job but would accept a job at the current wage if one were offered to them.
C. are too productive to be hired at the current wage
D. are unable to find a job at the current wage rate

According to the classical economists, those who are not working ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?

A. a vertical (or almost vertical)
B. a downward slog
C. a horizontal (or almost horizontal)
D. an upward slog

The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

A. 30%
B. 10%
C. 70%
D. 40%

If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

A. voluntary unemployment
B. classical unemployment
C. voluntary unemployment
D. Frictional unemployment

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?

A. Smaller
B. Larger
C. the same size
D. None of these

We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation

An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?

Aggregate Supply, Economics Mcqs, Unemployment And Inflation /
An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?

A. price level, aggregate economy
B. tax rate, government budget
C. wage rate, labor market
D. interest rate, market for loanable funds

An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______? Read More »

Aggregate Supply, Economics Mcqs, Unemployment And Inflation