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Economics Mcqs

In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to ?

In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to ?

A. shift the short-run aggregate supply curve to the left
B. shift the aggregate demand curve to the right
C. shift the short-run aggregate supply curve to the right
D. shift the aggregate demand curve to the left

In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to ? Read More »

Economics Mcqs, The Aggregate Demand Aggregate Supply Model

Which of the following would not cause a shift in the long-run aggregate supply curve ?

Which of the following would not cause a shift in the long-run aggregate supply curve ?

A. All of these answers shift the long-run aggregate supply curve
B. An increase in the available capital
C. An increase in the available labour
D. An increase in price expectations

Which of the following would not cause a shift in the long-run aggregate supply curve ? Read More »

Economics Mcqs, The Aggregate Demand Aggregate Supply Model

Which of the following statements about economic fluctuations is true ?

Which of the following statements about economic fluctuations is true ?

A. None of these answers
B. A depression is a mild recession
C. A variety of spending income, and output measures can be used to measure economic fluctuation because most macroeconomic quantitties tend to fluctuate together
D. A recession is when output rises above the natural rate of output

Which of the following statements about economic fluctuations is true ? Read More »

Economics Mcqs, The Aggregate Demand Aggregate Supply Model

Historically countries at early stages of rapid economic development have tender to experience ?

Historically countries at early stages of rapid economic development have tender to experience ?

A. trade deficit and an excess of investment over domestic saving
B. trade surplus and an excess of investment over domestic saving
C. trade deficits and an excess of domestic savings over investment
D. trade surpluses and an excess of domestic saving over investment

Historically countries at early stages of rapid economic development have tender to experience ? Read More »

Economics Mcqs, The Balance of Payments